Mistral raises €723M to expand its AI infrastructure

Mistral raised €723 million in debt financing from seven banks, including BNP Paribas and Bpifrance.

The funds will build a data center in Bruyères-le-Châtel, south of Paris, due to go online in the second half of 2026 and equipped with 13,800 Nvidia GB300 chips.

The facility will provide 44 megawatts of computing capacity for inference workloads and training new models; Mistral targets 200 megawatts in Europe by the end of 2027.

This is Mistral’s first use of debt to expand infrastructure; previous funding rounds were entirely equity.

ASML is the primary investor and became majority shareholder after a €1.3 billion investment, valuing the company at €10 billion.