Mistral AI is a French company that develops AI Chatbot, Le Chat and several basic big-word models, considered to be a The most promising technology startup in France,yes It can be said that it is the only European company that can compete with Openai.
“Go to download the chat, not made by openai, or something,” said French President Emmanuel Macron. In a TV interview Before the AI Action Summit held in Paris in February 2025.
Of the valuation of $6 billion in June 2024, Mistral is worth 11.7 billion euros (about $13.8 billion) Leaded by Dutch semiconductor company ASMLIn September, 1.3 billion euros (about US$1.5 billion) were invested and a new strategic partnership was signed with AI companies.
ASML’s interest in benefiting customers from collaboration is an important milestone for Mistral. The French company describes itself as “the world’s greenest and leading independent AI lab”, but it remains not as well known as its biggest competitor.
What is Mistral AI?
Since its creation in 2023, Mistral AI has provided some open source AI models, and the robot has raised huge funds, ambitiously “taking Frontier AI into the hands of everyone.” While this is not a direct poke from OpenAI, the slogan is intended to emphasize the company’s openness compared to Openai’s latest closed source in developing AI models.
Mistral’s chatbot chat is Available on iOS and Android,arrive 1 million downloads Within two weeks after the mobile launch, France’s first place was downloaded for free on the iOS App Store.
In July 2025, Mistral AI updated LE chat Put it closer to competitors’ new features of full-stack AI chatbots: A new “deep research” model, local multilingual reasoning and advanced image editing. This update also adds a project that allows users to group chats, documents, and ideas into a centralized space.
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As of September 2025, Le Chat can Remember the previous conversation Thanks to a function called memory.
Here is a supplement to Mistral AI’s model suite:
- Mistral Big 2major large language model replacement Mistral.
- Pixtral,,,,, Unveiled in 2024 As a Multi-model PixTral family.
- RefereeThis is its first family of reasoning models, launched in June 2025.
- Mistral Medium 3released in May 2025, guarantees efficiency without compromising performance for coding and STEM tasks.
- VoxelMistral’s first open source AI audio model was released in July 2025.
- DevstralThis is an AI model for encoding and publicly available under the Apache 2.0 license, meaning it can be used commercially without restrictions.
- Codestralan earlier code-generating AI model whose license prohibits commercial applications.
- “Les Ministraux”, a family of models Optimize edge devices For example, phone.
- Mistral Saba, Focus on Arabic.
In March 2025, the company Mistral OCR was introducedan optical character recognition API that can turn any PDF into a text file to make AI models easier to ingest.
In June 2025, Mistral AI also released a Vibe encoding client. Mistral Codecompete with Windsurf, Anysphere’s cursor and Github Copilot.
Who is the founder of Mistral AI?
Mistral AI’s three founders have backgrounds in AI research at major U.S. technology companies that do business mainly in Paris. Its CEO Arthur Mensch used to work at Google’s DeepMind; CTO Timothée Lacroix and chief scientist Guillaume Lample are former Meta staff.
Mistral’s co-creation consultants include Jean Charles Samuel Weaver (also a board member) and Charles Gorintin from health insurance startup Alan. The fact that former digital minister Cédric O is also an advisor to the company has led to Persevere dispute Due to his previous role.
Is Mistral’s model open source?
Not everyone. Mistral distinguishes its prime minister’s model Weight Not available for commercial purposes from its free model, it provides it with weights under the Apache 2.0 license.
Free models include research models built in collaboration with Nvidia, such as Mistral Nemo Open source July 2024.
How does Mistral make money?
Although many of Mistral AI’s products are free or There is now a free layerand the chat also paid for the layer. Le Chat’s Pro subscription was launched in February 2025 and costs $14.99 per month.
On the B2B side, Mistral AI monetizes through APIs through usage-based pricing. Businesses can also license these models, and the company may also generate substantial revenue from its strategic partnerships, some of which emphasize During the Paris AI Summit.
However, overall, Mistral AI reportedly earns in the eight-digit range.
Which partnerships have closed Mistral AI?
In 2024, Mistral AI signed an agreement with Microsoft that included an investment of 15 million euros and a strategic partnership to distribute AI models from French companies through Microsoft’s Azure platform.
Competition and Marketing Authority (CMA) in the UK End quickly The deal was not qualified for investigation due to its small size, although the deal sparked some criticize In the EU.
January 2025, Mystral Signed a deal with news agency Agence France-Presse (AFP) Let Le chat search AFP’s entire text archive date back to 1983.
Mistral AI also establishes strategic partnership with France army and Working Agent; Luxembourg,,,,, Transport giant CMAGerman Defense Technology Startup Hulls,,,,, IBM,,,,, orangeand Stellantis.
In May 2025, Mistral said he would participate AI campus in ParisAs part of a joint venture with UAE investment firm MGX, NVIDIA and French state-owned investment bank bpifrance.
June 2025, Mistral Mistral Computein 2026. The initiative is Called “historic” by MacronShortly after the announcement, the stage was shared with Mensch and Nvidia CEO Jensen Huang at a Vivatech conference.
In July 2025, Mistral launched Citizens’ Artificial Intelligencethe company claims to be “an initiative to help states and public institutions strategically utilize AI for their people by renovating public services.”
September 2025, Mistral and Chip Company ASML A partnership was established “Explore the use of AI models in ASML product portfolio and in research, development and operations.”
Which enterprise features have developed Mistral AI?
In May 2025, Mistral AI released Mistral Agents API arrive “Enlightenment of businesses to use AI in a more practical and impactful way,” According to its developer relations director Sophia Yang.
In September 2025, the company unveiled a remodeled Connector Directoryshowcases the integration of LE CHAT with approximately 20 enterprise tools including Asana, Atlassian, Box, Google Drive, Intion, and Zapier, as well as email and calendar; soon, data hijacks and snowflakes.
How much money has Mistral AI raised so far?
By February 2025, Mistral AI has raised a total of about 1 billion euros, some of which are debt financing. The money was raised on several consecutive stocks.
In June 2023, just one month after its establishment, Mistral AI proposed Record $112 million seed round Leaded by Lightspeed Venture Partners. The sources at that time said the seed round, The largest ever in Europeestimated the startup to be $260 million.
Other investors in the round include Bpifrance, Eric Scahmidt, Exor Ventures, First Minute Capital, Title, JC Decaux Holding, La Famiglia, Locallobe, Motier Ventures, Rodolphe Saadé, Sofina and Xavier Niel.
Six months later, Mistral closed 385 million euros Series A ($415 million at the time), reportedly valued at $2 billion. The round was led by Andreessen Horowitz and saw Lightspeed’s involvement, along with BNP Paribas, CMA-CGM, Cristiction, Elad Gil, General Catalyst and Salesforce.
Microsoft’s $16.3 million convertible investment As part of the partnership announced in February 2024, in Mistral, as the Series A extension name, this means the valuation remains unchanged.
In June 2024, Mistral rose Stocks and debts are combined at 600 million euros (approximately US$640 million). this Long-term roul round Leaded by a common catalyst at a valuation of $6 billion, including famous investors from Cisco, IBM, NVIDIA and Samsung Venture Investment Corporation.
Earlier this year, there were rumors that Mistral AI was Finalize 2 billion euro investment Valuation in a currency of $14 billion. This is a report before that the company is In talks to raise $1 billion In equity in investors including the Abu Dhabi MGX fund and hundreds of millions of euros of debt.
On September 9, 2025, Mistral closed in 1.7 billion euros (about US$2 billion) in the C round, led by ASML, with a valuation of 11.7 billion euros (about US$13.8 billion). According to the company, the round saw investments from existing backers DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and Nvidia.
How does Mistral AI approach AI regulations?
Mensch is a member of a group of European CEOs sign Urges Brussels in July 2025 “Stop the clock” Two years before the key obligations of the EU Artificial Intelligence Act came into effect. The European Commission is Stick to its original schedule.
What will Mistral AI export look like?
Mistral is “not for sale”, Mensch said at the World Economic Forum in Davos in January 2025. “certainly, [an IPO is] plan. ”
Given how much the startup has raised so far: Even large sales could offer investors a high enough multiple, not to mention the sovereignty issues of the acquirer.
But the only way to absolutely squeeze rumors of continued acquisitions – Name Apple – Extend its revenue to a level that can even justify its valuation. Either way, stay tuned.
This story was originally published on February 28, 2025 and will be updated regularly.
