French artificial intelligence startup Mistral AI partnered with Dutch chip equipment maker ASML to raise 1.7 billion euros ($2 billion). ASML led the initiative by investing 1.3 billion euros in Mistral AI in a series C funding 0 Dutch firm is now the biggest shareholder in Mistral AI, with a stake of about 11%. The French company also said the funding raises its valuation to around 11.7 billion euros, making it the most valuable firm in 1 becomes Mistral AI’s top shareholder We’ve raised €1.7B to accelerate technological progress with AI! This Series C funding round, led by @ASMLcompany , fuels Mistral AI scientific research to keep pushing the frontier of AI to tackle the most critical technological challenges faced by strategic industries. — Mistral AI (@MistralAI) September 9, 2025 According to Mistral, the initiative boosts Europe’s AI ambition by pairing the continent’s most valuable firm with its most credible rivals to 2 giants like OpenAI, Alphabet’s Google, and 3 company’s CEO, Arthur Mensch, mentioned at the start of summer during London Tech Week that Mistral AI was establishing its first reasoning model to compete with Sam Altman’s OpenAI and China’s DeepSeek.
Mistral’s executive also noted that the company’s selling point for its reasoning modes is that it will be able to reason with European 4 also promised that the company will add support for more languages later down the 5 Google DeepMind and Meta researchers founded the French company and have transitioned it to become Europe’s AI alternative to the U. S 6 firm has also positioned itself as a centerpiece of France’s strategy to become a leading AI 7 Frederik Slijkerman, analyst at ING, believes there’s an industrial rationale for ASML and Mistral AI to develop products 8 also recently appointed former French Finance Minister Bruno Le Maire as an advisor to its executive board, which strengthened its French connections.
“We believe that this strategic partnership with Mistral AI, which goes beyond a traditional vendor-client relationship, is the best way to capture this significant opportunity.” – Christophe Fouquet , President and CEO of 9 investors such as DST Global, Andreessen Horowitz, General Catalyst, Index Ventures, Bpifrance, Lightspeed, and Nvidia participated in the Series C funding 10 initiative is also meant to integrate AI models across ASML’s semiconductor equipment portfolio and gain a seat on Mistral’s strategic committee through finance chief Roger 11 AI upgrades its chatbot The French company behind AI assistant Le Chat also received support from French President Emmanuel Macron, who urged citizens to go and download the app rather than ChatGPT by 12 chat assistant also reached 1 million downloads in two weeks after its release on iOS and 13 AI updated Le Chat to have the ability to remember previous conversations with the introduction of 14 chatbot was also updated in July with a new deep search mode, native multilingual reasoning, and advanced image 15 to the company, the initiative brought it closer to its rival full-stack AI 16 Difference Wire helps crypto brands break through and dominate headlines fast
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