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Mistral AI

PrivateRank #17 by valueFranceFounded 2023mistral.ai

Independent French frontier AI company developing open-weight and commercial multimodal, language, coding, speech, document-understanding, reasoning and robotics models; enterprise AI products including Le Chat, Mistral AI Studio, Mistral Code, Agents, Forge and Vibe; and sovereign AI infrastructure through Mistral Compute.

AI valuation
€21B*79.5%increase
Sep 8, 2026 · Mistral AI
Change vs Sep 9, 2025

Key stats

Funding recorded · 7 rounds
$6.63B
Revenue
—
Releases · last 12 months
37
Upcoming
1
Models
56
Platforms & products
19
Latest release
Sep 28, 2026
Most active in
Models

Recent releases

View all →
Sep 28, 2026Mistral AI opens German hub in Munich

Mistral AI opened a German hub in Munich to expand research, enterprise and public-sector operations in Germany.

Sep 16, 2026Mozilla and Mistral AI announce open AI partnership

Mozilla and Mistral AI announced a partnership to advance open AI models, tools and consumer experiences.

Sep 10, 2026Mistral AI and Cloudera expand enterprise partnership

Mistral AI and Cloudera announced a partnership to deploy governed generative AI and agents on enterprise data.

Sep 8, 2026€3 billion Series D at €21 billion-plus valuation€3B raised · €21B* valuation

Mistral AI raised €3 billion in a Series D led by Samsung, with Scaleup Europe Fund, EQT and PSG participating, at a post-money valuation of more than €21 billion.

Aug 24, 2026Mistral AI and HUMAIN partner on sovereign AI

Mistral AI and HUMAIN announced a partnership spanning sovereign AI infrastructure, models and enterprise deployments.

Aug 20, 2026Agentic Search launchedAgentic Search

Mistral AI launched Agentic Search for autonomous research, retrieval and evidence-grounded agent workflows.

Aug 11, 2026European in-region inference infrastructure expandedMistral Compute

Mistral AI expanded in-region inference for open models using new European AI infrastructure.

Aug 4, 2026Shieldstral launchedShieldstral

Mistral AI launched Shieldstral, a security and guardrail layer for AI applications and agents.

Upcoming

1
Calendar →
Oct 31, 2026Mistral API retires Z.ai GLM 5.2Scheduled

Mistral will retire the third-party zai-glm-5-2 model from its API on October 31, 2026. Mistral directs integrations to zai-glm-5-3 at the same price.

AI valuation history

5 events
Financials →
$0
$6.25B
$12.5B
$18.8B
$25B
202420252026
Mistral AI AI valuation: Jun 13, 2023 $240M; Dec 11, 2023 $2B; Jun 11, 2024 $5.8B; Sep 9, 2025 $11.7B; Sep 8, 2026 $21B

Models

56
View all →
ModelReleased

Platforms & products

19
NameLaunched
Sources 89
  • Oct 31, 2026 · Mistral API retires Z.ai GLM 5.2Mistral AI Docs Changelog
  • Sep 28, 2026 · Mistral AI opens German hub in MunichMistral AI
  • Sep 16, 2026 · Mozilla and Mistral AI announce open AI partnershipMistral AI
  • Sep 10, 2026 · Mistral AI and Cloudera expand enterprise partnershipMistral AI
  • Sep 8, 2026 · €3 billion Series D at €21 billion-plus valuationMistral AI
  • Aug 24, 2026 · Mistral AI and HUMAIN partner on sovereign AIMistral AI
  • Aug 20, 2026 · Agentic Search launchedMistral AI
  • Aug 11, 2026 · European in-region inference infrastructure expandedMistral AI
  • Aug 4, 2026 · Shieldstral launchedMistral AI
  • Jul 9, 2026 · Studio adds prompt and skills system of recordMistral AI
  • Jul 8, 2026 · Robostral Navigate releasedMistral AI
  • Jul 2, 2026 · Leanstral 1.5 releasedMistral AI
  • Jun 24, 2026 · Enterprise connector controls addedMistral AI
  • Jun 23, 2026 · Mistral OCR 4 releasedMistral AI
  • May 28, 2026 · AI Now Summit heldMistral AI
  • May 28, 2026 · Mistral Vibe unified agent launchedMistral AI
  • May 28, 2026 · Search Toolkit launchedMistral AI
  • May 27, 2026 · Physics AI introducedMistral AI
  • May 23, 2026 · Mistral AI acquires Emmi AIMistral AI
  • May 22, 2026 · Mistral AI Studio adds MCP connectorsMistral AI
  • May 22, 2026 · Le Chat adds remote agents and Work modeMistral AI
  • May 22, 2026 · Mistral Medium 3.5 releasedMistral AI
  • Apr 27, 2026 · Mistral Workflows public previewMistral AI
  • Mar 31, 2026 · Spaces CLI releasedMistral AI
  • Mar 30, 2026 · $830 million debt financing for AI data centreReuters
  • Mar 23, 2026 · Voxtral TTS releasedMistral AI
  • Mar 17, 2026 · Mistral Forge launchedMistral AI
  • Mar 16, 2026 · Leanstral releasedMistral AI
  • Mar 16, 2026 · Mistral Small 4 releasedMistral AI
  • Mar 16, 2026 · Mistral joins NVIDIA Nemotron CoalitionMistral AI
  • Feb 17, 2026 · Agreement to acquire KoyebKoyeb
  • Feb 4, 2026 · Voxtral Transcribe 2 releasedMistral AI
  • Jan 27, 2026 · Mistral Vibe expandedMistral AI
  • Dec 17, 2025 · Mistral OCR 3 releasedMistral AI
  • Dec 9, 2025 · Mistral Vibe CLI launchedMistral AI
  • Dec 9, 2025 · Devstral 2 releasedMistral AI
  • Dec 2, 2025 · Mistral 3 model generation releasedMistral AI
  • Oct 24, 2025 · Mistral AI Studio launchedMistral AI
  • Sep 9, 2025 · €1.7 billion Series CMistral AI
  • Sep 2, 2025 · Memory API introducedMistral AI
  • Sep 2, 2025 · Le Chat adds custom MCP servers, connectors and memoriesMistral AI
  • Aug 12, 2025 · Mistral Medium 3.1 releasedMistral AI
  • Jul 30, 2025 · Codestral 25.08 and enterprise coding stack releasedMistral AI
  • Jul 17, 2025 · Le Chat adds Deep Research and multilingual reasoningMistral AI
  • Jul 15, 2025 · Voxtral speech models releasedMistral AI
  • Jul 10, 2025 · Devstral Small 1.1 and Devstral Medium releasedMistral AI
  • Jul 3, 2025 · AI for Citizens launchedMistral AI
  • Jun 20, 2025 · Mistral Small 3.2 releasedMistral AI
  • Jun 11, 2025 · Mistral Compute announcedMistral AI
  • Jun 10, 2025 · Magistral reasoning models releasedMistral AI
  • Jun 4, 2025 · Mistral Code launchedMistral AI
  • May 28, 2025 · Codestral Embed releasedMistral AI
  • May 27, 2025 · Agents API launchedMistral AI
  • May 21, 2025 · Devstral Small 1 releasedMistral AI
  • May 7, 2025 · Mistral Medium 3 releasedMistral AI
  • May 7, 2025 · Le Chat Enterprise launchedMistral AI
  • Mar 17, 2025 · Mistral Small 3.1 releasedMistral AI
  • Mar 6, 2025 · Mistral OCR launchedMistral AI
  • Feb 17, 2025 · Mistral Saba releasedMistral AI
  • Feb 6, 2025 · Le Chat mobile apps and paid plans launchedMistral AI
  • Jan 30, 2025 · Mistral Small 3 releasedMistral AI
  • Jan 13, 2025 · Codestral 25.01 releasedMistral AI
  • Nov 18, 2024 · Le Chat receives canvas, web search and document featuresMistral AI
  • Nov 18, 2024 · Pixtral Large releasedMistral AI
  • Nov 7, 2024 · Moderation API launchedMistral AI
  • Nov 7, 2024 · Batch API launchedMistral AI
  • Oct 16, 2024 · Ministral 3B and 8B launchedMistral AI
  • Sep 17, 2024 · Pixtral 12B releasedMistral AI
  • Sep 17, 2024 · La Plateforme upgraded for multimodal modelsMistral AI
  • Aug 7, 2024 · Model customization generally availableMistral AI
  • Jul 24, 2024 · Mistral Large 2 releasedMistral AI
  • Jul 18, 2024 · Mistral NeMo released with NVIDIAMistral AI
  • Jul 16, 2024 · Codestral Mamba releasedMistral AI
  • Jul 16, 2024 · Mathstral 7B releasedMistral AI
  • Jun 11, 2024 · €600 million Series BLe Monde
  • Jun 5, 2024 · Self-service fine-tuning launchedMistral AI
  • May 29, 2024 · Codestral 22B releasedMistral AI
  • Apr 17, 2024 · Mixtral 8x22B releasedMistral AI
  • Feb 26, 2024 · Microsoft strategic investmentMicrosoft
  • Feb 26, 2024 · Microsoft partnership announcedMicrosoft
  • Feb 26, 2024 · Le Chat launchedMistral AI
  • Feb 26, 2024 · Mistral Small launchedMistral AI
  • Feb 26, 2024 · Mistral Large launchedMistral AI
  • Dec 11, 2023 · €385 million Series ALe Monde
  • Dec 11, 2023 · La Plateforme launchedMistral AI
  • Dec 11, 2023 · Mixtral 8x7B releasedMistral AI
  • Sep 27, 2023 · Mistral 7B releasedMistral AI
  • Jun 13, 2023 · €105 million seed roundTechCrunch
  • Apr 28, 2023 · Mistral AI foundedMistral AI

* Market cap / valuation. Company values are AI-attributed: the latest market cap or valuation × the share attributed to AI (100% for pure AI companies). Methodology