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.
Suno Bags $250M Series C at $2.45B Valuation: Fueling AI Music's Explosive Takeover Amid Lawsuit Firestorms and 200M Revenue Blitz
Suno, the prompt-to-hitmaker AI music powerhouse, just closed a $250 million Series C on November 19, 2025 — skyrocketing its valuation to $2.45 billion despite blistering copyright lawsuits from Universal, Sony, and Warner. Led by Menlo Ventures with firepower from Nvidia's NVentures, Lightspeed, Matrix, and Hallwood Media, the haul supercharges Suno Studio's generative audio workstation, pro-grade stem tools, and social collab features. Hitting $200M annualized revenue with 7M daily tracks created, Suno is betting big on a full-stack ecosystem that turns bedroom dreamers into chart-toppers — proving VCs are all-in on AI's sonic revolution, legal grenades be damned.
Luma AI Scores $900M Mega-Round: Fueling 2GW Saudi Supercluster to Dominate Multimodal Video AGI and Crush the Compute Crunch
Luma AI, the breakout star behind Ray3 video generation, just inked a $900 million Series C on November 19, 2025 — led by Saudi powerhouse HUMAIN (PIF-backed), with heavy hits from AMD Ventures and a16z. The war chest unlocks exclusive access to Project Halo, HUMAIN's beastly 2-gigawatt AI supercluster in Saudi Arabia, set to go live Q1 2026 and rival xAI's Colossus in raw scale. Valued at $4B+, this isn't just cash — it's a geopolitical compute coup positioning Luma to train world-modeling AGI from video floods, leaving OpenAI and Google scrambling in the multimodal dust.


