The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.

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.