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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
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

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.