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Mistral AI

Private

Efficient LLMs

Founded 2023Paris, France~800 employees
Website

Valuation

€6B (2024)

Total Funding

€1.1B

Profit Status

Pre-profit

Employees

~400

About Mistral AI

Mistral AI is a European AI startup building highly efficient open and commercial language models. Their models achieve competitive performance at significantly smaller parameter counts.

Company History

Founded Apr 2023. Mistral 7B Sep 2023 - tops open-source immediately. Mixtral 8x7B Dec 2023. €600M Series B Jun 2024. Mistral Large 3 (Dec 2025, 675B MoE, Apache 2.0). Mistral Small 4 (Mar 2026, combines reasoning+vision+coding). Voxtral TTS (Mar 2026, first audio model). €1.7B Series C at €11.7B (ASML lead, Sep 2025). $830M debt raise Mar 2026 for 13,800 Nvidia chips + Paris data center. $400M+ ARR Jan 2026 (25× from $16M end-2024). Le Chat rebranded 'Vibe' May 2026.

AI Models & Benchmarks

Mistral Large 2
LLM

Flagship model - competitive with GPT-4o and Llama 3.1 405B.

123B128K ctxJul 2024

Benchmarks

MMLU84.0%
HumanEval92.0%
MATH70.0%
Mixtral 8x22BOpen Source
LLM

Open-source MoE model. Best open-weights performance at the time of release.

141B (active: 39B MoE)64K ctxApr 2024

Benchmarks

MMLU77.8%
HumanEval75.0%
Math41.8%
Mixtral 8x7BOpen Source
LLM

Breakthrough MoE model - outperformed Llama 2 70B while using half the compute.

47B (active: 13B MoE)32K ctxDec 2023

Benchmarks

MMLU70.6%
HumanEval64.1%
Codestral
Code

State-of-the-art code model supporting 80+ programming languages.

22B32K ctxMay 2024

Benchmarks

HumanEval81.1%
MBPP78.2%
Mistral 7BOpen Source
LLM

Outperforms Llama 2 13B on all benchmarks at a smaller size.

7B32K ctxSep 2023

Benchmarks

MMLU62.5%
HumanEval34.1%

Company Timeline

  • Apr 2023

    Founded by Guillaume Lample, Timothée Lacroix (Meta FAIR) and Arthur Mensch (DeepMind)

  • Jun 2023

    €105M seed round - largest European AI seed at the time

  • Sep 2023

    Mistral 7B open-sourced - immediately tops open-source leaderboards

  • Dec 2023

    Mixtral 8x7B released on BitTorrent - MoE breakthrough

  • Feb 2024

    Partnership with Microsoft Azure announced

  • Apr 2024

    Mixtral 8x22B - best open-source model at release

  • Jun 2024

    €600M Series B at €6B valuation; Codestral code model

Products & Services

Mistral 7BMixtral 8x7BMistral LargeLe ChatLa Plateforme

Company Details

Focus Area

Efficient LLMs

Stage

Private

Founded

2023

Headquarters

Paris, France

Employees

~800

Financial Overview

Total Funding

€1.1B

Valuation

€6B (2024)

Profit Status

Pre-profit

Funding Rounds

  • Seed€105M
    Jun 2023Lightspeed, Xavier Niel
  • Series A€385M
    Dec 2023a16z, Lightspeed
  • Series B€600M
    Jun 2024General Catalyst, NVIDIA

Key Investors

Andreessen Horowitz (a16z)LightspeedGeneral CatalystNVIDIAMicrosoftSalesforce

Key People

  • Arthur Mensch (CEO)
  • Guillaume Lample
  • Timothée Lacroix

Competitive Landscape

OpenAIAnthropicMeta AICohere

Tags

LLM
Open-Source
European
Efficient
MoE