Mistral AI
Large language models, both open-weight and commercial, offered through an API platform, the Le Chat assistant and enterprise deployments. It is also building its own compute infrastructure, including a data center near Paris.
VP50 · #22Artificial intelligenceFoundation models / generative AIParis, France
FoundersSince 2023
- Valuation
- $24B
- Total raised
- $7.6B
- Last round · Sep 2026
- Series D
- Founded
- 2023
- Employees
- 900
- Quarters in VP50
- 11
Valuation
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Seed | Jun 13, 2023 | $260M | $113M | Lightspeed Venture Partners |
| Series A | Dec 11, 2023 | $2.0B | $415M | Andreessen Horowitz |
| Series B | Jun 11, 2024 | $6.2B | $640M | General Catalyst |
| Series C | Sep 9, 2025 | $14B | $2.0B | ASML |
| Series D | Sep 8, 2026 | $24B | $3.6B | PSG Equity, Samsung Electronics, and Scaleup Europe Fund |
Post-money valuation at each priced round. Log scale.Hover a point for the round
Updated
In VP50
- Q4 2023: no place
- Q1 2024: no place
- Q2 2024: #43
- Q3 2024: #42
- Q4 2024: #37
- Q1 2025: #39
- Q2 2025: #21
- Q3 2025: #34
- Q4 2025: #34
- Q1 2026: #34
- Q2 2026: #36
- Q3 2026: #44
- Q4 2026: #22
Place by quarter since Q4 2023. Best place #21.
Funding rounds
DateRound · leadRaisedValuation
Mar 30, 2026Debt financing$830M—
Feb 27, 2024Series A extension$16M—
Signals
- Mistral AI acquires design firm New Material to form a Solutions Design teamAcquisition
- Mistral AI acquires Paris adtech startup Pimento; reported price EUR3.8m to EUR12.7mAcquisition
- Mistral AI raises EUR3B Series D at over EUR21B post-money, led by SamsungFunding round
- Mistral AI launches regional inference and a priority tier, backed by compute pledgesMilestone
- Mistral AI hires Confluent's Kamal Brar as senior vice president to lead partner businessKey hire
Team
Arthur MenschCo-founder, CEO
Guillaume LampleCo-founder, Chief science officer
Timothée LacroixCo-founder, CTO- Johan BergqvistCFO
- Brian HallCMO
