French AI company Mistral AI completes €1.7 billion Series C financing, led by lithography giant ASML

ChainCatcher News: According to the official website of ASML, Dutch lithography machine manufacturer ASML (ASML.O) has signed a long-term strategic cooperation agreement with French AI company Mistral AI. The two parties will explore the application of AI models in ASML's products, R&D, and operations to enhance the speed and performance of customers' product launches.

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