Releases

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.

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

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

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

CEO Arthur Mensch told the Financial Times that Mistral's annualized revenue run rate was north of $400 million, up from about $20 million a year earlier, and that the company is set to pass $1 billion in ARR by the end of 2026.

At its Series C, Mistral claimed annualized revenue of €300 million, roughly ten times its level at the end of 2024. Converted from EUR 300,000,000 at 1.1744 USD per EUR (ECB reference rate on the release date).

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

Mistral's annualized revenue run rate was about $20 million in early 2025, according to CEO Arthur Mensch's February 2026 comments to the Financial Times comparing it with the $400 million-plus run rate a year later.

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

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

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

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