Mistral AI

About Mistral AI

Financials

Dated, source-cited figures. Estimates are marked.

Products by Mistral AI

All products by Mistral AI reviewed by our AI panel of experts.

Mistral AILLM Platforms

Open-weight and commercial AI models for enterprise deployment

From $6/mo7.7/10

Mistral ChatAI Chatbots

Web chat interface for Mistral's language models

From $15/mo7.7/10

How Our Review Panel Scores Mistral AI

Six independent reviewer personalities assessed Mistral AI's products on their own terms. They disagreed by 2.1 points — The Skeptic was the hardest to convince, The Decision Maker the most positive.

Averaged across 2 reviewed products in our catalog. Scores are out of 10.

Competitive Landscape

Who Mistral AI competes with, and how they differ.

OpenAI7.9/10

Closed-weight model provider with GPT-4/GPT-4o series and ChatGPT consumer app; larger enterprise adoption and no open-weight release strategy, unlike Mistral's open-weight models.

2 products reviewed on TopReviewed

Anthropic8.2/10

Closed-weight API-only provider (Claude models) focused on safety-oriented enterprise deployments, with no open-weight model releases as Mistral offers.

3 products reviewed on TopReviewed

Llama (Meta)7.7/10

Open-weight model family backed by Meta's infrastructure and free licensing for most commercial use, competing directly with Mistral's open-weight releases but without a first-party commercial API platform.

2 products reviewed on TopReviewed

Google Gemini API8.0/10

Closed-weight, multimodal-first models tightly integrated with Google Cloud and Workspace, targeting large enterprises rather than the open-weight developer community Mistral emphasizes.

6 products reviewed on TopReviewed

Together AI8.0/10

Hosting and fine-tuning platform for open-weight models (including Mistral's own) rather than a model developer, competing on inference infrastructure and pricing rather than proprietary model quality.

1 product reviewed on TopReviewed

Hugging Face8.9/10

Model hub and MLOps ecosystem hosting thousands of open-weight models from many labs, competing with Mistral's distribution channel but not producing a single flagship model family or enterprise API at the same scale.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in Mistral AI's history, with sources.

1. Dec 2, 2025Launch

   Mistral 3 — Mistral Large 3 and Ministral 3 family released

   Open-weight release under Apache 2.0: Mistral Large 3, a sparse mixture-of-experts model with 41B active and 675B total parameters, plus dense Ministral 3 models at 3B, 8B and 14B.

   mistral.ai
2. Sep 9, 2025Funding

   Series C — EUR 1.7B led by ASML at EUR 11.7B post-money

   Mistral announced a EUR 1.7B Series C at a EUR 11.7B (~$13.8B) post-money valuation, led by semiconductor-equipment maker ASML.

   mistral.ai
3. June 2025Milestone

   Mistral Compute announced — European AI data-center platform

   Mistral unveiled Mistral Compute, a European AI cloud and data-center build powered by Nvidia processors, slated to come online in 2026.

   techcrunch.com
4. May 7, 2025Launch

   Mistral Medium 3 released

   Frontier-class multimodal model pitched at roughly 8x lower cost than comparable frontier models, available via Mistral's platform and Amazon SageMaker at launch.

   mistral.ai
5. June 2024Funding

   Series B — EUR 600M led by General Catalyst at ~$6B valuation

   Mistral raised EUR 600M (about $640M) in a mix of equity and debt led by General Catalyst, valuing the company near $6B.

   techcrunch.com
6. Feb 26, 2024Launch

   Mistral Large and Le Chat debut

   Mistral released its flagship Mistral Large model with top-tier reasoning capabilities and opened its beta assistant Le Chat, with Azure AI Studio availability at launch.

   mistral.ai
7. Feb 26, 2024Partnership

   Microsoft partnership brings Mistral models to Azure

   Multi-year partnership making Microsoft Azure the first cloud to distribute Mistral Large; Microsoft made a reported $16.3M convertible investment in the company.

   cnbc.com
8. Dec 11, 2023Launch

   Mixtral 8x7B mixture-of-experts model released

   Sparse mixture-of-experts model released with open weights under Apache 2.0, alongside the instruction-tuned Mixtral 8x7B Instruct variant.

   mistral.ai
9. December 2023Funding

   Series A — EUR 385M led by Andreessen Horowitz at $2B valuation

   Mistral closed a EUR 385M ($415M at the time) Series A led by Andreessen Horowitz, valuing the six-month-old startup at about $2B.

   techcrunch.com
10. Sep 27, 2023Launch

    Mistral 7B — first open-weight model released

    Mistral's debut 7.3B-parameter language model, released under Apache 2.0 and reported to outperform Llama 2 13B across benchmarks.

    siliconangle.com
11. June 2023Funding

    Seed — $113M led by Lightspeed at $260M valuation

    Record European seed round of $113M led by Lightspeed Venture Partners, closed weeks after founding, at a reported $260M valuation.

    techcrunch.com
12. Apr 28, 2023Founded

    Mistral AI founded in Paris

    Incorporated on April 28, 2023 by Arthur Mensch (ex-Google DeepMind, CEO), Guillaume Lample and Timothee Lacroix (both former Meta AI researchers).

    en.wikipedia.org