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AI firm Mistral valued at $14 billion as ASML takes major stake

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Mistral AI logo is displayed on a mobile phone screen.

Anadolu | Getty Images

Nvidia-backed Mistral AI clinched a 11.7 billion-euro ($13.8 billion) valuation in a in a Series C funding round that saw Dutch chip equipment maker ASML secure a major stake in the French firm.

ASML pumped 1.3 billion euros in Mistral AI’s 1.7 billion-euro funding round as lead investor, gaining a 11% shareholding in the French company on a fully diluted basis.

The fundraise was previously reported by Reuters.

This breaking news story is being updated.

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