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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

October 20261

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.

September 20264

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.

August 20264

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.

July 20263

Jul 9, 2026Studio adds prompt and skills system of recordMistral AI Studio

Mistral AI Studio added centralized prompt and skills management for enterprise AI systems.

Jul 8, 2026Robostral Navigate releasedRobostral Navigate · Navigate

Mistral AI released Robostral Navigate, a vision-language-action model for robotic navigation.

Jul 2, 2026Leanstral 1.5 releasedLeanstral 1.5 · 1.5

Mistral AI released Leanstral 1.5 with improved formal reasoning and theorem-proving capabilities.

June 20262

Jun 24, 2026Enterprise connector controls addedMistral AI Studio

Mistral AI added centralized enterprise controls for connectors, access and governance.

Jun 23, 2026Mistral OCR 4 releasedMistral OCR 4 · 4

Mistral AI released Mistral OCR 4, its fourth-generation document-understanding model.

May 20268

May 28, 2026AI Now Summit held

Mistral AI held its AI Now Summit to announce new models, products and enterprise capabilities.

May 28, 2026Mistral Vibe unified agent launchedMistral Vibe

Mistral AI expanded Vibe with a unified agent experience across coding and software-development workflows.

May 28, 2026Search Toolkit launchedSearch Toolkit

Mistral AI launched Search Toolkit for building grounded search, retrieval and research applications.

May 27, 2026Physics AI introducedPhysics AI

Mistral AI introduced Physics AI for industrial engineering, simulation and scientific workloads.

May 23, 2026Mistral AI acquires Emmi AIPhysics AI

Mistral AI signed a definitive agreement to acquire Emmi AI, expanding into physics-aware AI for engineering and industry; terms were not disclosed.

May 22, 2026Mistral AI Studio adds MCP connectorsMistral AI Studio

Mistral AI Studio added Model Context Protocol connectors for integrating enterprise systems and tools.

May 22, 2026Le Chat adds remote agents and Work modeLe Chat

Le Chat added remote agents and a Work mode for enterprise knowledge and task execution.

May 22, 2026Mistral Medium 3.5 releasedMistral Medium 3.5 · 3.5

Mistral AI released Mistral Medium 3.5 with improved agentic and enterprise production capabilities.

April 20261

Apr 27, 2026Mistral Workflows public previewMistral Workflows

Mistral AI opened Workflows in public preview, enabling visual composition of enterprise AI agents and automations.

March 20267

Mar 31, 2026Spaces CLI releasedMistral AI Studio

Mistral AI released a command-line interface for managing Spaces and developer workflows.

Mar 30, 2026$830 million debt financing for AI data centreMistral Compute · $830M raised

Mistral AI secured approximately $830 million in debt financing to buy NVIDIA chips and develop a Paris-area AI data centre.

Mar 23, 2026Voxtral TTS releasedVoxtral TTS · 4B

Mistral AI released Voxtral TTS, a 4B multilingual text-to-speech model.

Mar 17, 2026Mistral Forge launchedMistral Forge

Mistral AI launched Forge, an enterprise system for creating organization-specific frontier models.

Mar 16, 2026Leanstral releasedLeanstral · 1

Mistral AI released Leanstral, an open model for formal theorem proving and Lean code.

Mar 16, 2026Mistral Small 4 releasedMistral Small 4 · 4

Mistral AI released Mistral Small 4, a next-generation compact open model for multimodal and agentic workloads.

Mar 16, 2026Mistral joins NVIDIA Nemotron Coalition

Mistral AI joined NVIDIA's Nemotron Coalition to advance open frontier models and shared AI infrastructure.

February 20262

Feb 17, 2026Agreement to acquire KoyebMistral Compute

Mistral AI agreed to acquire French serverless cloud platform Koyeb to strengthen its AI infrastructure and deployment stack; financial terms were not disclosed.

Feb 4, 2026Voxtral Transcribe 2 releasedVoxtral Transcribe 2 · 2

Mistral AI released two second-generation Voxtral transcription models for production speech-to-text workloads.

January 20261

Jan 27, 2026Mistral Vibe expandedMistral Vibe

Mistral AI expanded Vibe into a fuller agentic development environment for software teams.

December 20254

Dec 17, 2025Mistral OCR 3 releasedMistral OCR 3 · 3

Mistral AI released Mistral OCR 3 with improved document parsing and structured extraction.

Dec 9, 2025Mistral Vibe CLI launchedMistral Vibe

Mistral AI launched Vibe CLI, an agentic command-line coding environment powered by Devstral.

Dec 9, 2025Devstral 2 releasedDevstral 2 · 2

Mistral AI released Devstral 2, its second-generation open code-agent model.

Dec 2, 2025Mistral 3 model generation releasedMistral Large 3 · 3

Mistral AI released the Mistral 3 generation, including open-weight Mistral Large 3 and Ministral 3 models in 3B, 8B and 14B sizes.

October 20251

Oct 24, 2025Mistral AI Studio launchedMistral AI Studio

Mistral AI launched AI Studio as an enterprise production platform for building, evaluating, observing, governing and deploying AI applications.

September 20253

Sep 9, 2025€1.7 billion Series C€1.7B raised · €11.7B* valuation

Mistral AI raised €1.7 billion in a Series C led by ASML at an €11.7 billion post-money valuation.

Sep 2, 2025Memory API introducedMistral Agents API

Mistral AI introduced persistent memory capabilities for agents and applications.

Sep 2, 2025Le Chat adds custom MCP servers, connectors and memoriesLe Chat

Le Chat added custom MCP-server support, enterprise connectors and persistent memories.

August 20251

Aug 12, 2025Mistral Medium 3.1 releasedMistral Medium 3.1 · 3.1

Mistral AI updated its enterprise model tier with Mistral Medium 3.1.

July 20255

Jul 30, 2025Codestral 25.08 and enterprise coding stack releasedCodestral 25.08 · 25.08

Mistral AI released Codestral 25.08 and expanded its enterprise coding stack across Mistral Code and developer tools.

Jul 17, 2025Le Chat adds Deep Research and multilingual reasoningLe Chat

Le Chat added Deep Research, multilingual reasoning, image editing, projects and expanded voice capabilities.

Jul 15, 2025Voxtral speech models releasedVoxtral Small

Mistral AI released Voxtral Small and Voxtral Mini, open speech-understanding models for transcription and audio reasoning.

Jul 10, 2025Devstral Small 1.1 and Devstral Medium releasedDevstral Small 1.1

Mistral AI expanded the Devstral family with Devstral Small 1.1 and a larger Devstral Medium model.

Jul 3, 2025AI for Citizens launchedAI for Citizens

Mistral AI introduced AI for Citizens, a sovereign AI offering for governments and public-sector institutions.

June 20254

Jun 20, 2025Mistral Small 3.2 releasedMistral Small 3.2 · 3.2

Mistral AI released Mistral Small 3.2 with improved instruction following, function calling and reduced repetition.

Jun 11, 2025Mistral Compute announcedMistral Compute

Mistral AI announced Mistral Compute, a sovereign European AI cloud developed with NVIDIA infrastructure and European partners.

Jun 10, 2025Magistral reasoning models releasedMagistral Small

Mistral AI released Magistral Small and Magistral Medium, its first reasoning-focused model family.

Jun 4, 2025Mistral Code launchedMistral Code

Mistral AI launched Mistral Code, an enterprise coding-assistant platform with IDE integration and deployment controls.

May 20255

May 28, 2025Codestral Embed releasedCodestral Embed

Mistral AI released Codestral Embed for semantic retrieval and search across software repositories.

May 27, 2025Agents API launchedMistral Agents API

Mistral AI launched the Agents API with persistent agents, tools, orchestration, conversations and built-in connectors.

May 21, 2025Devstral Small 1 releasedDevstral Small 1 · Small 1

Mistral AI and All Hands AI released Devstral Small 1, an open model designed for agentic software engineering.

May 7, 2025Mistral Medium 3 releasedMistral Medium 3 · 3

Mistral AI released Mistral Medium 3 for enterprise workloads, combining frontier performance with lower serving cost.

May 7, 2025Le Chat Enterprise launchedLe Chat Enterprise

Mistral AI launched Le Chat Enterprise with administration, connectors, deployment controls and enterprise governance.

March 20252

Mar 17, 2025Mistral Small 3.1 releasedMistral Small 3.1 · 3.1

Mistral AI released Mistral Small 3.1, adding multimodal understanding and stronger multilingual capabilities.

Mar 6, 2025Mistral OCR launchedMistral OCR 1 · 1

Mistral AI launched its first OCR model and Document AI capabilities for high-quality document parsing.

February 20252

Feb 17, 2025Mistral Saba releasedMistral Saba · 24B

Mistral AI released Mistral Saba, a 24B regional language model optimized for Arabic and languages of the Middle East and South Asia.

Feb 6, 2025Le Chat mobile apps and paid plans launchedLe Chat

Mistral AI relaunched Le Chat with iOS and Android apps, Pro and Team plans, faster inference, image generation and an Enterprise preview.

January 20252

Jan 30, 2025Mistral Small 3 releasedMistral Small 3 · 3

Mistral AI released Mistral Small 3, a 24B latency-optimized open-weight model.

Jan 13, 2025Codestral 25.01 releasedCodestral 25.01 · 25.01

Mistral AI released an updated Codestral model with improved code generation and a 256K context window.

November 20244

Nov 18, 2024Le Chat receives canvas, web search and document featuresLe Chat

Mistral AI upgraded Le Chat with web search, canvas, image generation and richer document-understanding features.

Nov 18, 2024Pixtral Large releasedPixtral Large · 124B

Mistral AI released Pixtral Large, a 124B multimodal model for image and document understanding.

Nov 7, 2024Moderation API launchedMistral Moderation API

Mistral AI launched a moderation API for safety classification and content policy enforcement.

Nov 7, 2024Batch API launchedMistral Batch API

Mistral AI launched an asynchronous Batch API for high-volume model inference.

October 20241

Oct 16, 2024Ministral 3B and 8B launchedMinistral

Mistral AI launched the Ministral 3B and 8B models for edge, on-device and local use.

September 20242

Sep 17, 2024Pixtral 12B releasedPixtral 12B · 12B

Mistral AI released Pixtral 12B, its first open-weight multimodal model.

Sep 17, 2024La Plateforme upgraded for multimodal modelsLa Plateforme

La Plateforme added support for Pixtral and expanded developer tooling for multimodal applications.

August 20241

Aug 7, 2024Model customization generally availableMistral Model Customization

Mistral AI expanded La Plateforme with model customization and fine-tuning capabilities.

July 20244

Jul 24, 2024Mistral Large 2 releasedMistral Large 2 · 2

Mistral AI released Mistral Large 2, a 123B flagship model with a 128K context window and improved multilingual and coding performance.

Jul 18, 2024Mistral NeMo released with NVIDIAMistral NeMo 12B · 12B

Mistral AI and NVIDIA jointly released Mistral NeMo, a 12B multilingual open model with a 128K context window.

Jul 16, 2024Codestral Mamba releasedCodestral Mamba

Mistral AI released Codestral Mamba, an open code model using the Mamba 2 architecture.

Jul 16, 2024Mathstral 7B releasedMathstral 7B · 7B

Mistral AI released Mathstral 7B, an open model specialized for mathematical reasoning.

June 20242

Jun 11, 2024€600 million Series B€600M raised · €5.8B* valuation

Mistral AI raised €600 million in equity and debt at a reported €5.8 billion valuation.

Le Monde Funding roundMistral AI
Jun 5, 2024Self-service fine-tuning launchedMistral Model Customization

Mistral AI introduced self-service fine-tuning through La Plateforme and released customization tooling.

May 20241

May 29, 2024Codestral 22B releasedCodestral 22B · 22B

Mistral AI released Codestral, its first generative model specialized for code, under the Mistral AI Non-Production License.

April 20241

Apr 17, 2024Mixtral 8x22B releasedMixtral 8x22B · 8x22B

Mistral AI released Mixtral 8x22B, a larger open sparse mixture-of-experts model.

February 20245

Feb 26, 2024Microsoft strategic investment€15M raised

Microsoft invested €15 million in Mistral AI through a convertible note alongside the companies' commercial partnership.

Feb 26, 2024Microsoft partnership announced

Microsoft and Mistral AI announced a multiyear partnership to make Mistral models available through Azure AI and collaborate on AI development and distribution.

Feb 26, 2024Le Chat launchedLe Chat

Mistral AI launched Le Chat, its conversational AI assistant.

Feb 26, 2024Mistral Small launchedMistral Small · Mistral Small

Mistral AI introduced Mistral Small as its efficient commercial model tier.

Feb 26, 2024Mistral Large launchedMistral Large · Mistral Large

Mistral AI launched its first flagship commercial model, Mistral Large.

December 20233

Dec 11, 2023€385 million Series A€385M raised · €2B* valuation

Mistral AI completed a €385 million Series A at a reported valuation of about €2 billion.

Le Monde Funding roundMistral AI
Dec 11, 2023La Plateforme launchedLa Plateforme

Mistral AI launched La Plateforme, its developer platform and API service.

Dec 11, 2023Mixtral 8x7B releasedMixtral 8x7B · 8x7B

Mistral AI released Mixtral 8x7B, an Apache-2.0 sparse mixture-of-experts model.

September 20231

Sep 27, 2023Mistral 7B releasedMistral 7B · 7B v0.1

Mistral AI released Mistral 7B, its first open-weight language model, under the Apache 2.0 license.

June 20231

Jun 13, 2023€105 million seed round€105M raised · €240M* valuation

Mistral AI raised a €105 million seed round, one of Europe's largest seed financings, at a reported valuation of roughly €240 million.

April 20231

Apr 28, 2023Mistral AI founded

Arthur Mensch, Guillaume Lample and Timothée Lacroix founded Mistral AI in Paris to build efficient frontier AI models with an open-weight strategy.

* 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

Mistral AI — releases, models and financials · The Artificial Index