Mistral AI valued at €11.7 billion after ASML's investment

The Dutch group ASML is committed to investing €1.3 billion in Mistral AI's latest fundraising, bringing its valuation to €11.7 billion.

Mistral AI completed a €1.7 billion Series C funding round in September 2025, with ASML as lead investor alongside DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and NVIDIA. This transaction brings the valuation of the French startup to €11.7 billion, a record for French Tech.