French research institute Mistral AI has raised $830 million in debt to build a new data center near Paris powered by Nvidia chips, Reuters and CNBC report.
Mistral first announced plans to build the data center last year, and CEO Arthur Mensch said in February 2025 that the company would consider various financing options. The company has completed construction of a data center in Bruyère-le-Châtel and plans to bring it online in the second quarter of 2026, Reuters reported on Monday.
Mistral did not immediately respond to a request for confirmation.
Last month, the company announced it would invest $1.4 billion in Sweden to build AI infrastructure, including data centers. Mistral said it aims to deploy 200 megawatts of computing power across Europe by 2027.
“Expanding our infrastructure in Europe is critical to empowering our customers and ensuring that AI innovation and autonomy remains at the heart of Europe,” Mensch said in a statement to CNBC.
To date, Mistral has raised more than 2.8 billion euros ($3.1 billion) from investors including General Catalyst, ASML, a16z, Lightspeed and DST Global, according to Crunchbase data.
tech crunch event
San Francisco, California
|
October 13-15, 2026
