Mistral AI
European open-weight foundation model lab and competitor to OpenAI / Anthropic
AI
📍 Paris, France
Founded 2023
Current Valuation
$14B
as of 2025-Q3
DECACORN
Mistral is the leading European AI lab, founded by ex-Meta and DeepMind researchers. Distinguished by aggressive open-weight releases (Mistral 7B, Mixtral). ASML led the $2B Series C at $14B in September 2025 to build out European AI sovereignty.
Company Profile
Last Round
Series C — $2.0B (Sep 2025) · Lead: ASML
IPO Status
no imminent plans
Fundraising Status
Series C · $2.0B · 10 mo ago
no imminent plansTotal raised $3.5B
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Series C | $2.0B | Sep 2025 | ASML | — |
Founders & Key People
Arthur MenschGuillaume LampleTimothée Lacroix
Investors
ASML · Nvidia · Andreessen Horowitz · General Catalyst · Lightspeed · DST Global
Products
- Mistral Large 3
- Codestral
- Le Chat (consumer)
- Mistral API
- Pixtral (vision)
Competitors
OpenAI · Anthropic · Cohere · Hugging Face
AIFoundation ModelsOpen WeightsEurope
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.