Mistral AI Completes €1.7 Billion Series C: ASML Leads with €1.3B Investment, Pushing Valuation to €11.7 Billion and Cementing Europe's AI Champion Status
French AI powerhouse Mistral AI announced on September 9, 2025, the close of its massive €1.7 billion Series C round — the largest ever for a European AI company. Led by Dutch semiconductor giant ASML (€1.3 billion commitment for ~11% stake), with participation from Nvidia, Andreessen Horowitz, DST Global, and others, the deal catapults Mistral's post-money valuation to €11.7 billion ($13.8 billion). This strategic alliance pairs frontier AI innovation with chipmaking expertise, signaling a bold push for European tech sovereignty amid U.S. dominance.
Mistral AI Open-Sources Devstral 2: The Next-Gen Agentic Coding Model That Crushes SWE-Bench and Powers Vibe CLI Autonomy
Mistral AI unleashed Devstral 2 on December 9, 2025 — a groundbreaking open-weight coding model family featuring the flagship 123B-parameter Devstral 2 and the compact 24B Devstral Small 2. With a massive 256K context window, SOTA 72.2% on SWE-Bench Verified, and seamless tool-calling for multi-file edits, it outpaces larger rivals at a fraction of the cost. Paired with the open-source Mistral Vibe CLI — a terminal agent that scans codebases, executes changes, and vibes with your workflow — this duo democratizes enterprise-grade agentic coding, from local laptops to cloud fleets.
