ASML invests EUR 1.3B in Mistral AI’s Series C funding round
Dutch semiconductor equipment manufacturer ASML Holding (ASML.US) has led a significant investment in French AI startup Mistral AI, contributing EUR 1.3 billion to the company’s Series C funding round. This substantial investment aims to enhance Europe’s technological autonomy and secure ASML a strategic position in the AI sector.
Mistral AI, founded in 2023 by former researchers from DeepMind and Meta (META.US), has quickly emerged as a leading AI startup in Europe. The company has attracted support from global investors, including NVIDIA (NVDA.US), and achieved a valuation of over $6 billion following its Series B funding last year. The latest funding round, valued at EUR 1.7 billion (approximately $2 billion), will increase Mistral AI’s valuation to EUR 10 billion (approximately $11.7 billion), positioning it as Europe’s most valuable AI company.
ASML’s investment will secure the company a seat on Mistral AI’s board, enabling a strategic partnership. This collaboration will allow ASML to leverage Mistral AI’s AI technology to optimize its chip manufacturing equipment, while Mistral AI will gain substantial financial support to expand its research and product offerings. This move is particularly significant given ASML’s role as the world’s only producer of extreme ultraviolet (EUV) lithography machines, essential for advanced chip manufacturing.
Analysts suggest that this investment will strengthen the relationship between Europe’s two leading technology companies, potentially reducing reliance on American AI systems. ASML’s investment in Mistral AI underscores the growing demand for AI and high-performance computing (HPC) technologies in the semiconductor industry.
References:
[1] https://news.futunn.com/en/post/61778848/asml-holding-asmlus-leads-the-investment-in-europe-s-largest
[2] https://sg.finance.yahoo.com/news/asml-bets-big-mistral-ai-212039964.html
[3] https://www.ainvest.com/news/mistral-ai-secures-funding-asml-top-shareholder-2509/
Comments
No comments yet