Mistral AI has secured €3 billion in a Series D round that values the French startup at more than €21 billion. The investment, led by Samsung, Scaleup Europe, and PSG Equity, is the largest technology funding round in Europe's history. The company has been operating for three years since its launch.

The funding comes as the concept of 'sovereign AI' gains traction. This term refers to national efforts to develop AI capabilities independently of foreign tech giants. The round highlights how European companies are positioning themselves to meet local demand for self-reliant technology.