French AI startup Mistral AI is negotiating a new funding round of around 3 billion euros at a valuation of approximately 20 billion euros.

Mistral is in funding talks to raise about €3bn at a roughly €20bn valuation, Bloomberg reports, nearly doubling the European AI champion's September price.

Mistral AI plans to raise €3 billion at a €20 billion valuation, nearly doubling its September 2025 Series C price as Europe doubles down on AI sovereignty.