France-based Mistral Raises $830 Million Debt For AI Data Centre

The funding was arranged by a group of seven banks, including BNP Paribas, Crédit Agricole CIB, HSBC, and MUFG, according to the company.

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The data centre is located in Bruyères-le-Châtel near Paris and is expected to become operational in Q2 2026. Mistral selected the site in February 2025 for its first facility.

Last month, the Paris-based company also announced plans for a second data centre in Sweden and aims to secure 200 megawatts of capacity across Europe by the end of 2027.

“Scaling our infrastructure in Europe is critical to empower our customers and to ensure AI innovation and autonomy remain at the heart of Europe,” Chief Executive Officer Arthur Mensch said in a statement shared with Reuters.

Mistral, which provides AI models to the French armed forces, has established itself as a European alternative to major US AI companies. It offers AI models and infrastructure services to governments and enterprises that want greater technological independence.

About Mistral AI

Mistral AI is a leading artificial intelligence company focused on building advanced and accessible AI systems. It aims to make frontier AI widely available so that individuals and businesses can innovate easily. The company’s mission is to empower the world to create and benefit from powerful AI technology in a simple, open, and scalable way.