Mistral AI 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 AI 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.
“Europe needs an ambitious AI cloud infrastructure and an independent AI stack,” the company said in a statement. “We are building 200 MW of capacity … to support the demand from governments and enterprises that seek to build and control their own AI.”
The funding round was supported by European banks, including Bpifrance, BNP Paribas, Crédit Agricole CIB, HSBC, La Banque Postale, MUFG and Natixis CIB.
The selection of the French site was first revealed in 2025, with Mistral saying at the time that the data center would be used to support its AI development efforts and would be fully powered by decarbonized energy.
Meanwhile, the vendor is forging ahead in the European AI landscape, rolling out a $1.37 billion plan earlier this year to build data centers and expand compute capacity in Sweden.
It is not alone in its efforts, however, with other European AI startups increasingly raising funds to rival U.S. competitors.
This year so far, U.K.-based neocloud vendor Nscale raised $2 billion, and autonomous driving company Wayve has$1.2 billion to support infrastructure expansion, while France’s AMI Labs has secured $1 billion.
Tech giants are also stepping up their investment in the region’s data center industry. Microsoft pledged $30 billion to expand the U.K.’s AI infrastructure, alongside a further $10 billion investment in a new data center in Portugal. Meanwhile, Google committed about $6.4 billion to strengthen Germany’s AI capabilities, including the construction of a data center near Frankfurt.
