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Samsung in talks to back Mistral’s Series D, say reports
Samsung is in negotiations to potentially back Mistral's ongoing Series D funding round with up to €1bn. Mistral, a French AI startup aiming to position itself as a viable alternative to existing US and Chinese AI giants, is raising €3bn at a €20bn valuation. The discussions highlight Samsung's strategic alignment with the AI sector, particularly focusing on the essential role of memory chips in training AI models, an area where Samsung excels due to its manufacturing capabilities. With substantial investments flowing into AI, this move could significantly bolster Mistral's capacity to enhance its offerings and compete effectively.
MonitorConfidence: HighShort term horizon
Published 22 Jul 2026, 08:50 UTC2 min read
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Summary
TL;DR
- Samsung may invest up to €1bn in Mistral's Series D round.
- Mistral is raising €3bn with a €20bn valuation.
- The startup aims to compete with US and Chinese AI giants.
- Samsung's investment would leverage its expertise in memory chip production.
- Mistral has raised over $3.5bn to date in debt and equity.
Interesting facts
- Mistral launched in 2023 to provide a European alternative in AI.
- Samsung is among the world's largest memory chip manufacturers.
- The European Union's Scaleup Europe Fund is involved in funding discussions.