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French artificial intelligence startup Mistral has raised €3 billion ($3.5 billion) in fresh funding led by Samsung, lifting its valuation above €21 billion as it seeks to strengthen its position as a European alternative to US AI giants.

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Thinking Machines, the AI lab founded early last year by former OpenAI CTO Mira Murati, is in discussions to raise $1 billion at a valuation of at least $40 billion, The Information reported Thursday. Existing backer Accel is in talks to lead the fundraise, according to our

ColibriTD, a French quantum software company focused on multiphysics simulation, has raised €4 million in Seed funding led by Earlybird Venture Capital, with participation from SymbiaVC and Medin VC. The financing follows a €1 million Pre-Seed investment from Earlybird.

Neno has raised a €6.6 million Seed round to continue building its AI-native accounting software and services platform for European businesses. The financing was backed by AlleyCorp, firstminute capital and Motive Partners, alongside angel investors from companies including Mollie, Hugging Face, Coinbase, Deel, Juni, PayPal, Navro and Miro.

The Wa’ed Ventures-led round comes as COFE expands beyond coffee ordering into e-commerce, B2B tools and AI-powered services.

eComID has raised a $17 million seed round led by Systemiq Capital, with participation from Regeneration.VC, Course Corrected, Stadium, and returning investor CapitalT.

Mobility technology company Swvl Holdings Corp. (Nasdaq: SWVL) has announced strategic private placements totaling approximately $14.5 million, providing fresh capital to support its expansion in the United States and strengthen its financial position.

Levanta has raised USD $22 million in a Series B funding round led by Volition Capital, bringing its total funding to more than USD $43 million.

Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the Opening Ceremony of AI x Cybersecurity Challenge Final Round today (August 23):