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French company Mistral AI raised $3.5 billion in a Series D round led by Samsung Electronics, lifting its valuation to more than $24 billion and preserving its position as Europe’s most valuable company developing foundational artificial intelligence models.
Crunchbase data indicates that global biotech company funding is expected to remain within the $36 billion to $40 billion range in 2026, despite artificial intelligence capturing a large share of venture capital. AI drug design and discovery companies stand out among the largest funding rounds, alongside continued public offerings and acquisition deals in the sector.