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Mistral AI
Unicorn · $25BParis, FR · Founded 2023 · 1,574 employees on LinkedIn · 67 known investors
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Mistral builds and open-sources frontier AI models, developer tools, and applications for organizations in finance, manufacturing, defense, energy, and the public sector to solve complex problems. The company provides full-stack AI solutions including models, frameworks, and compute infrastructure.
Also known as Mistral · Mistral AI SAS · mistralai
Founders & leadership
Mistral AI was founded in 2023 by Arthur Mensch, Guillaume Lample, and Timothee Lacroix.
Investors · 67
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Also in the syndicate · 14
Funding
SEC filings, press & company announcements$7.2B disclosed across 3 of 17 rounds · 2023–2026
- $3.6BSeries DSep 2026 · 7 sources
EQT-managed Scaleup Europe Fund (lead), PSG Equity (lead), Samsung (lead), Samsung Electronics (lead), Scaleup Europe Fund (lead), a16z, Advent, ASML, Belfius, BlackRock, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, EQT, Eurazeo, General Catalyst, Grand Duchy of Luxembourg, Headline, Hillspire, Index Ventures, Korelya Capital, Nvidia, Salesforce Ventures
Source ↗ - $3.5BraisedJun 2026 · 2 sources
Andreessen Horowitz, ASML, Bpifrance, General Catalyst, Lightspeed Venture Partners
Source ↗ - Undisclosed amountSeries ADec 2023
Andreessen Horowitz (a16z) (lead), BNP Paribas, CMA-CGM, Conviction, General Catalyst, Lightspeed Venture Partners, Salesforce
Source ↗ - $113Mseed roundJun 2023 · 2 sources
Lightspeed Venture Partners (lead), Exor Ventures, First Minute Capital, Headline, Index Ventures, JCDecaux Holding, La Famiglia, LocalGlobe, Motier Ventures, Redpoint, Sofina
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Mistral AI SAS is a Paris-headquartered artificial intelligence company founded in April 2023 that develops large language models, many released under open licenses such as Apache, alongside proprietary models served through APIs. Its published model families include Mistral Large 3, Mistral Medium 3.5, Mistral Small 4, Ministral 3 (14/8/3B), Codestral-2508, Mistral OCR 3, Magistral 1.2, Devstral 2 and Voxtral audio models; earlier releases include Mistral 7B, Mixtral 8x7B, Codestral and Mathstral. As of August 2026 its largest public model is Mistral Large 3, released in December 2025, a mixture-of-experts model with 675 billion parameters of which 41 billion are active.
The company's commercial portfolio spans a consumer and enterprise assistant (Le Chat, renamed Vibe at the end of May 2026, with a CLI coding agent, Mistral Vibe, published on GitHub), Studio for building, testing and deploying AI agents and applications, Forge for training, aligning and evaluating custom models, an applied-AI services practice, and Mistral Compute, an AI cloud offering dedicated GPU clusters for training and inference. Deployment options include self-hosting on virtual cloud, edge or on-premises, Mistral's own EU-hosted cloud, and third-party clouds (Google Cloud, AWS, Azure, SAP, IBM, Snowflake, NVIDIA, Outscale).
Mistral distributes open checkpoints through a Hugging Face organization with roughly 75 models, 4 datasets and 5 demo spaces, and maintains open-source repositories on GitHub including mistral-inference, mistral-finetune, mistral-common, client libraries for Python and TypeScript, and a cookbook.
Compiled by commissioned research from 12 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
5 people who came through Mistral AI went on to found or lead other companies.
Related companies · 9
Companies working in the same space as Mistral AI.
Acquisitions · 1
Early investors' stakes continue via these dealsEmmi AI builds AI foundation models for physics simulation, using transformer-based models to accelerate engineering workflows across industrial verticals such as power transformers and injection molding. It integrates with existing engineering platforms to provide simulation acceleration for industrial design and CFD applications.
Timeline · 40
launches, deals, and filingsAgreement supporting AI infrastructure development in Europe; Microsoft agreed to use part of Mistral's expanded European computing capacity, and Mistral Medium 3.5 and OCR 4 were added to Microsoft Foundry, with Medium 3.5 also added to Copilot Studio.
Microsoft agreed to use part of Mistral's expanded European computing capacity; Mistral Medium 3.5 and OCR 4 were added to Microsoft Foundry and Medium 3.5 to Copilot Studio.
Austrian company developing AI simulation models for industrial engineering.
At the end of May 2026 Le Chat was renamed Vibe and new features were introduced.
Capital raised to build data centers near Paris and in Sweden.
$830M source ↗
Collaboration aimed at accelerating development and deployment of open frontier AI models.
Mistral acquired Paris-based cloud infrastructure startup Koyeb SAS; terms undisclosed. Koyeb's 16-person team joins Mistral in March to work on sandboxing, Mistral Compute and on-premises model deployment.
Partnership to deploy enterprise AI at scale; financial terms not disclosed.
Featured launches on the company website alongside in-region inference, open models and new European infrastructure for sovereign AI; Shieldstral and Robostral Navigate also appear as papers on the company's Hugging Face organization.
Roughly $4.56 billion investment plan for data centers in France and Sweden.
$4.6B source ↗
Johan Bergqvist as CFO, Brian Hall as CMO and Kamal Brar as SVP, Partners & Alliances.
Announced investment strategy of about €4 billion (around $4.56 billion) to build data centers in France and Sweden.
$4.6B source ↗
Mistral appointed Johan Bergqvist as chief financial officer, Brian Hall as chief marketing officer and Kamal Brar as SVP, Partners & Alliances.
Mixture-of-experts model with 675 billion parameters, 41 billion active; the company's largest public model as of August 2026.
Mixture-of-experts model with 675 billion parameters, 41 billion active.
Series C at €11.7 billion post-money valuation, led by ASML with participation from DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and NVIDIA; ASML took roughly an 11% stake.
$2B source ↗
Round valued the company at €11.7 billion ($13.67 billion); ASML took an approximately 11% stake, with participation from DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and Nvidia.
$2B source ↗
Agreement to explore use of AI models across ASML's product portfolio, research, development and operations.
Program aimed at helping states and public institutions apply AI to public services.
Nvidia-powered European AI cloud platform announced for launch in 2026.
A European AI platform powered by Nvidia processors, announced for 2026 launch; described as historic by French President Emmanuel Macron at VivaTech.
Joint effort with Bpifrance, UAE investment fund MGX and Nvidia; could be online by 2028.
With Bpifrance, UAE investment fund MGX and Nvidia; potentially online by 2028.
Mistral joined Bpifrance, UAE investment fund MGX and Nvidia to build a 1.4GW AI data center in the Paris region, potentially online by 2028.
Mobile apps released along with a Pro subscription tier at $14.99 per month offering advanced models, unlimited messaging and web browsing.
Mobile apps launched alongside a $14.99/month Pro subscription providing advanced models, unlimited messaging and web browsing.
Cluster hosted by Scaleway at an Eclairion-owned data center outside Paris, due to come online later that year.
Cluster to be hosted by Scaleway at an Eclairion-owned data center outside Paris.
Added image creation using Black Forest Labs' Flux Pro model.
Update adding image creation using Black Forest Labs' Flux Pro model.
Series B led by General Catalyst raising the valuation to €5.8 billion ($6.2 billion); the company was ranked fourth globally in the AI industry by valuation and first outside the San Francisco Bay Area.
$645M source ↗
Valuation increased to €5.8 billion ($6.2 billion); Series B led by General Catalyst.
$645M source ↗
$16M source ↗
Microsoft announced a $16 million investment in Mistral AI; TechCrunch reports the 2024 Microsoft deal included a €15 million investment plus a strategic partnership to distribute Mistral's models via Azure.
$16M source ↗
Mistral released its chatbot Le Chat in February 2024; it was renamed Mistral Vibe in 2026.
Mensch was the only French person included in the Time 100 list of most promising global innovators in 2024.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
Mistral raises €3B as sovereign AI becomes big business | TechCrunchtechcrunch.com · Sep 2026
Mistral Raises €3B Series D to Expand Sovereign AIunite.ai · Sep 2026
Mistral raises €3Bmistral.ai · Sep 2026
What is Mistral AI? Everything to know about the OpenAI competitor | TechCrunchtechcrunch.com · Jul 2026▸Research sources · 12
primary sources listed
- Mistral AImistral.ai · web
12 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Mistral AI do?
- French AI company developing open-weight and proprietary frontier LLMs plus enterprise AI tooling and compute infrastructure.
- Who founded Mistral AI?
- Mistral AI was founded by Arthur Mensch, Guillaume Lample, Timothee Lacroix in 2023.
- Who are Mistral AI's investors?
- Mistral AI's investors include 83North, Andreessen Horowitz, Balderton Capital, Cisco Investments, Conviction, Elad Gil, European Investment Fund, Factorial Funds and 45 more.
- How much funding has Mistral AI raised?
- Mistral AI has disclosed $7.2B raised across 3 of its 17 known rounds.
- Where is Mistral AI headquartered?
- Mistral AI is headquartered in Paris, FR.