PSG Equity has co-led a €3bn ($3.5bn) funding round for French artificial intelligence company Mistral, valuing the three-year-old business at approximately €21bn ($24bn), according to a report by Reuters.
The investment marks a significant follow-on commitment from PSG Equity, which jointly led the round alongside South Korea’s Samsung Electronics and the EU-backed Scaleup Europe Fund. Samsung and Scaleup Europe Fund are new investors in Mistral.
The transaction represents the largest equity fi...
Continue Reading
Sign up for FREE to read the full article and access 170K+ alternative investment headlines.