🇫🇷Mistral AI raised $3.5 billion in Samsung Electronics-led Series D financing, reaching a valuation above $24 billion.

Paris-based generative-AI startup Mistral AI announced a $3.5 billion Series D fundraise, according to Crunchbase News. The report places its valuation at more than $24 billion, rather than exactly $24 billion, and says the valuation nearly doubled.

Samsung Electronics led the financing. A separate financialjuice message reports that Samsung will integrate Mistral AI across its semiconductor operations, establishing a stated operational component alongside the investment.

The source describes the round as money raised, not a maximum financing facility or a fundraising target. However, the supplied material does not specify Samsung’s investment amount, ownership percentage, security terms, closing conditions, or Mistral’s allocation of the proceeds.