Mistral AI Raises $3.5B at $24B Valuation

Paris-based Mistral AI closed a $3.5 billion Series D led by Samsung Electronics, valuing the generative AI startup at over $24 billion. Scaleup Europe Fund and PSG Equity co-led, with new investors including Advent, BlackRock, and Luxembourg. Mistral has raised $7.5 billion since 2023.