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Mistral AI

European open-weight foundation model lab and competitor to OpenAI / Anthropic
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.
AI 📍 Paris, France Founded 2023
Current Valuation
$14B
as of 2025-Q3
DECACORN

QL Price

$27B
+11% vs last round
QuantLogix's current estimate for Mistral AI, published 2026-10-07 — above the last disclosed round of $24B (2026-02).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round $24B 2026-02 weight 0.62
Secondary market print $29B 2026-06-27 weight 0.54
How this price has held up
No round has priced for Mistral AI since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
How to actually get exposure to Mistral AI →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Mistral AI, 2026-10-07 (fc86a8bbb574b08c). The id pins this exact claim, so a citation stays checkable after the price moves. Model estimate for research — not a quote, target price, or investment advice.

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.
How much has Mistral AI raised?
Mistral AI has raised $3.5B in total, most recently a Series C of $2.0B in Sep 2025.
Is Mistral AI publicly traded — can you buy Mistral AI stock?
No. Mistral AI is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Mistral AI on its Pre-IPO Access Desk.
How to actually get exposure to Mistral AI →
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.

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 · 1y 1mo 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)
10,311,471
across all models
Followers
19,702
Top model
Mistral-7B-Instruct-v0.3
2,162,715 downloads / 30d
Attributed to Hugging Face organization "Mistral AI_" as of 2026-10-04. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗

Talent Signal

Hiring trend
▲ Hiring uptrend
+17% vs 2026-08
Open roles
192
via ashby
Product-build share
49%
engineering, research, product, design
Trajectory
expanding
product-led hiring — 49% of open roles build product; the rest are go-to-market and G&A.
No tracked executive churn; open roles trending up.
Open roles by month
Open roles by month164Aug '26192Sep '26
Open roles by function
Open roles by functionResearch49Other37Engineering25Sales & GTM23Ops & People17Marketing11Product8Security6Finance & Strategy5
■ product-building   ■ go-to-market / G&A
AI Scientist - Agentic EngineeringSoftware Engineer, New GradCyberSecurity, Offensive Security EngineerApplied AI Engineer, CyberSecurityEngineering Team Lead, DevExSenior Technical Writer / Developer Educator
Counted from Mistral AI's live job board as of 2026-09-15; 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.