Mistral Artificial Intelligence has raised 830 million in debt financing to operate a “cutting-edge” data center outside of Paris. In a LinkedIn post on Monday, the French generative Artificial Intelligence vendor said the center will house 13,800 Nvidia GB300 GPUs, bringing its overall capacity to 44 megawatts.
The company aims to reach 200 MW of capacity across Europe by the end of 2027. Mistral said Europe needs an ambitious Artificial Intelligence cloud infrastructure and an independent Artificial Intelligence stack, and said it is building 200 MW of capacity to support demand from governments and enterprises that want to build and control their own Artificial Intelligence.
The funding round was supported by European banks, including Bpifrance, BNP Paribas, Crédit Agricole CIB, HSBC, La Banque Postale, MUFG and Natixis CIB. The French site was first revealed in 2025, when Mistral said the data center would support its Artificial Intelligence development efforts and would be fully powered by decarbonized energy.
Mistral is also expanding elsewhere in Europe, rolling out a 1.37 billion plan earlier this year to build data centers and expand compute capacity in Sweden. The push comes as other European Artificial Intelligence startups raise capital to compete more aggressively with U.S. rivals.
This year so far, U.K.-based neocloud vendor Nscale raised 2 billion, and autonomous driving company Wayve has1.2 billion to support infrastructure expansion, while France’s AMI Labs has secured 1 billion. Large technology companies are also increasing regional spending, with Microsoft pledging 30 billion to expand the U.K.’s Artificial Intelligence infrastructure alongside a further 10 billion investment in a new data center in Portugal, while Google committed about 6.4 billion to strengthen Germany’s Artificial Intelligence capabilities, including a data center near Frankfurt.
