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2d ago

ASML Leads €1.7 Billion Mistral AI Round, Takes 11% Stake in Strategic Tie-Up

The deal links Europe’s chipmaking linchpin to a rising AI developer to apply Mistral’s models across ASML’s lithography tools, research, development and operations.

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ASML
A view shows the logo of Dutch computer chip equipment supplier ASML, in Veldhoven, Netherlands, January 29 2025. REUTERS/Piroschka van de Wouw/File Photo
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Overview

  • ASML invested €1.3 billion as lead backer in Mistral AI’s €1.7 billion Series C, becoming the company’s largest shareholder with an approximately 11% fully diluted stake.
  • The funding sets Mistral’s post-money valuation at €11.7 billion, with the company positioning itself as Europe’s leading developer of frontier AI models.
  • ASML and Mistral signed a long-term collaboration to deploy AI across ASML’s product portfolio and internal workflows, targeting faster time-to-market and higher-performance lithography systems.
  • ASML secured a seat on Mistral’s Strategic Committee, to be held by CFO Roger Dassen, giving the chip-tool maker an advisory role in the startup’s strategy and technology decisions.
  • Existing investors including NVIDIA, DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures and Lightspeed joined the round, as European officials framed the tie-up as a boost to regional tech sovereignty.