Is Mistral's monster fundraise a win for European sovereignty?

There's been talk all summer about who would fund Mistral's next round. This week it was confirmed: €3bn at a €21bn valuation, co-led by Samsung, the EU's Scaleup Europe Fund and US growth firm PSG Equity. A year ago Mistral was worth €11.7bn. Mistral has always pitched itself as Europe's sovereign alternative to US AI giants like OpenAI and Anthropic. With few European investors capable of meeting its huge capital needs,many were watching closely who the French scaleup would seek money from ...