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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

IPO Outlookprivate

Is Mistral AI going public?
No. Mistral AI has no imminent IPO plans on record. It is still private.
What is Mistral AI's valuation in 2026?
Mistral AI is valued at $14B as of 2025-Q3, set by its Series C ($2.0B, Sep 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Mistral AI filed an S-1?
No public S-1 is on file for Mistral AI.
Who are Mistral AI's investors?
Mistral AI's investors include ASML, Nvidia, Andreessen Horowitz, General Catalyst, Lightspeed, DST Global.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
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

CEO
Arthur Mensch
Founded
2023
HQ
Paris, France
Employees
~250
Total Raised
$3.5B
Est. Revenue
$200M (2025)
Growth
Early-stage
Last Round
Series C — $2.0B (Sep 2025) · Lead: ASML
IPO Status
no imminent plans

Fundraising Status

Series C · $2.0B · 11 mo ago
no imminent plansTotal raised $3.5B

Secondary Market

Implied price / share
$38.17
Last round price / share
$31.08
vs last round
+22.8%
Open interest
19
Last round price vs secondary price
Last round vs current secondary price per share$31.08Last round$38.17Current
Secondary price return by period
Secondary market period returns3-month+7.6%6-month+5.3%1-year+515%All-time+90.8%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series C$2.0BSep 2025ASML—

Vertical Intelligence — AI / ML

Open models
75
verified organization
Downloads (30d)
13,525,467
across all models
Followers
19,012
Top model
Mistral-7B-Instruct-v0.3
3,850,990 downloads / 30d
Attributed to Hugging Face organization "Mistral AI_" as of 2026-08-19. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗

Talent Signal

Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
164
via ashby
Product-build share
51%
engineering, research, product, design
Trajectory
steady
product-led hiring — 51% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month164Aug '26
Open roles by function
Open roles by functionResearch46Other35Engineering21Ops & People14Sales & GTM13Marketing7Legal & Policy6Product6Security5
■ product-building   ■ go-to-market / G&A
Software Engineer, New GradCyberSecurity, Offensive Security EngineerApplied AI Engineer, CyberSecurityEngineering Team Lead, DevExSenior Technical Writer / Developer EducatorApplied AI, Forward Deployed Machine Learning Engineer - EMEA
Counted from Mistral AI's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

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.