FundingMistral AI raises €3B Series D at €21B valuation — Samsung Electronics leads the largest equity round ever by a European tech company, with Scaleup Europe Fund and PSG Equity co-leading. The French AI lab plans to build its own data centers and train bigger models; it's on track for $1B ARR by year-end. TechCrunch
FundingRamp hits $60B valuation with $1.85B round, embedding AI across its platform — The expense management fintech now does $2B+ annualized revenue and launched an AI-agent corporate credit card, a model router, and "Glass," a workspace for sharing AI automations across organizations. TechCrunch
PolicyChina proposes export controls on 23 AI technologies, including models, agents, and chip design — The draft covers large language models, AI agents, and computing clusters; models with 2T+ parameters or top-10 performance would be restricted. Immediate temporary registration requirements take effect now, even for deals already in motion. SCMP
ProductElorian launches Glimpse, an AI model that reasons with images instead of just describing them — The startup's first model can zoom into charts, slow down video frames, and track objects across frames mid-reasoning using a "visual scratch space." Backed by 500 Global; positioned as cheaper than frontier multimodal models. TechCrunch
FundingVerda raises $189M Series B for AI cloud infrastructure across Europe — The neocloud startup, led by Emergence Capital, targets 250MW of operational capacity by 2027 and is building a data center in Finland. Total funding now exceeds $450M. Data Center Dynamics