Press
Amsterdam, 9 Sep 2026. Mistral has raised €3bn at a €21bn valuation, the largest equity round ever for a European tech company, weeks after Nvidia put more than $20bn into the open-weight world through Hugging Face and Poolside. Simon Koolstra, Principal Agentic AI at Rewire, reads this as a turning point for sovereign AI in Europe: the weights and the compute now sit on the continent. The advantage, he argues, will go to firms that fine-tune these models on their own proprietary data — labelled fraud data at a bank, customer and product data at a retailer.
