
Mistral raises €3B at €21B, led by Samsung
Mistral raised €3 billion at a €21 billion valuation, nearly double its last round. It plans 1 GW of European compute by 2030 and will host rivals' open weights.
The latest Funding coverage on Tech AI Wire.

Mistral raised €3 billion at a €21 billion valuation, nearly double its last round. It plans 1 GW of European compute by 2030 and will host rivals' open weights.

Crusoe has reportedly raised $3 billion at a $30 billion valuation, three times its October 2025 mark, after signing a $13 billion cloud deal with Jane Street.

AfterQuery is reportedly valued at $3.2 billion, up from $300 million in April. It sells the professional reasoning data that labs use to train AI agents.

Andreessen Horowitz said on August 31, 2026 that it added $1.75 billion to its fifth Growth fund, taking it to $8.5 billion. A separate $1.1B fund targets AI hardware.

Reports dated August 28 and 29, 2026 say DeepSeek is close to raising about $7.4 billion, or 50 billion yuan, at a $74 billion valuation. The money buys compute.

Clipto said on August 31, 2026 that it raised $15 million at a $250 million valuation. Its search index runs on the user's own machine instead of the cloud.

Index Ventures and Benchmark led a $250 million Series B at a $2.5 billion valuation. Security researchers are raising alarms about the assistant's permissions.

Spark Capital led a $26 million Series A for CivilGrid, which merges utility, environmental and geotechnical records into one map. US crews hit 200,000 lines a year.

The Rust Foundation Maintainers Fund is now paying six people to maintain Rust, backed by Google, AWS and OpenAI. Clippy's backlog sits near 300 pull requests.

AI-native ERP startup Rillet raised a $100M Series C led by ICONIQ at a $1B valuation - its third round in 14 months, closed in under 48 hours, with 600+ customers.
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