Mistral AI raises $830M in debt to set up a data center near Paris

In Brief Posted: 5:49 AM PDT · March 30, 2026 Image Credits:Chesnot / Getty Images Ivan Mehta Mistral AI raises $830M in debt to set up a data center near Paris French lab Mistral AI has raised $830 million in debt to build a new data center near Paris that will be powered by Nvidia chips, according to reports from Reuters and CNBC. Mistral first announced plans to build a data center last year, when its CEO Arthur Mensch said it would explore different financing options in February 2025. It plans to complete building the data center in Bruyeres-le-Chatel and make it operational in the second quarter of 2026, Reuters reported on Monday. Mistral did not immediately return a request seeking confirmation. Last month, the company said it would invest $1.4 billion in Sweden to build out AI infrastructure, including data centers. Mistral said it aims to deploy 200 megawatts of compute capacity across Europe by 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. We will continue to invest in this area, given the surging and sustained demand from governments, enterprises, and research institutions seeking to build their own customized AI environment, rather than depend on third-party cloud providers,” Mensch said in a statement to CNBC. Mistral has raised over €2.8 billion ($3.1 billion) in funding to date from investors including General Catalyst, ASML, a16z, Lightspeed, and DST Global, according to data from Crunchbase. Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+ founders, investors, and tech leaders gather for three days of 250+ tactical sessions, powerful introductions, and market-defining innovation. Register now to save up to $400. Save up to $300 or 30% to TechCrunch Founder Summit 1,000+ founders and investors come together at TechCrunch Founder Summit 2026 for a full day focused on growth, execution, and real-world scaling. Learn from founders and investors who have shaped the industry. Connect with peers navigating similar growth stages. Walk away with tactics you can apply immediatelyOffer ends March 13. San Francisco, CA | October 13-15, 2026 REGISTER NOW Topics AI, data centers, France, Mistral AI, nvidia April 30 San Francisco, CA StrictlyVC kicks off the year in SF. Get in the room for unfiltered fireside chats with industry leaders, insider VC insights, and high-value connections that actually move the needle. Tickets are limited. REGISTER NOW Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight.

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