Inside Mistral’s monster fundraise and Palantir-like repositioning

Mistral’s latest fundraise has got the ecosystem chattering. 

The French AI darling is reportedly raising a €3bn Series D round at a valuation of around €20bn. Last week, Sifted broke the news that the EU’s €5bn Scaleup Fund, managed by EQT, is in talks to lead or co-lead the round.

This week on the podcast, senior reporter Daphné Leprince-Ringuet joins host Freya Pratty to discuss the EU Scaleup Fund’s potential involvement and who else might get in on the deal. And, as Mistral increasingly positions itself more like Europe’s answer to Palantir, Freya and Daphné discuss how the new positioning will play into the pricing of its latest round. 

Read our reporting on the round here: https://sifted.eu/articles/e5bn-scaleup-fund-mistral-eqt

Sign up to our free daily newsletter here: https://sifted.eu/newsletters