Mistral AI Secures €1.7B Series C Funding Led by ASML

French AI startup Mistral AI announced a €1.7 billion Series C funding round, reaching an €11.7 billion post-money valuation. The round is led by semiconductor equipment manufacturer ASML, with participation from existing investors including DST Global and Andreessen Horowitz. This funding will fuel Mistral AI's cutting-edge research, focusing on solving complex technological challenges for strategic industries. The partnership with ASML aims to create innovative products and solutions for ASML's customers.