French AI company Mistral AI completes 1.7 billion euros Series C financing, with lithography giant ASML leading the investment

ChainCatcher news, according to the ASML official website, the Dutch lithography machine manufacturer ASML (ASML.O) has signed a long-term strategic cooperation agreement with the French AI company Mistral AI to explore the application of AI models in ASML's products, R&D, and operations, enhancing the speed and performance of customer product launches.

ASML will act as the lead investor in Mistral AI's Series C funding round, investing 1.3 billion euros for approximately 11% of the shares, becoming Mistral's largest shareholder and gaining a seat on the Mistral AI strategic committee. This investment is part of Mistral's 1.7 billion euro funding round, bringing its valuation to approximately 11.7 billion euros.