Mistral AI
French artificial intelligence company / From Wikipedia, the free encyclopedia
Mistral AI is a French company specializing in artificial intelligence (AI) products. Founded in April 2023 by former employees of Meta Platforms and Google DeepMind,[1] the company has quickly risen to prominence in the AI sector.
Company type | Private |
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Industry | Artificial intelligence |
Founded | 28 April 2023 |
Founders |
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Headquarters | Paris , France |
Products |
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Website | mistral |
The company focuses on producing open source large language models,[2] emphasizing the foundational importance of open-source software, and positioning itself as an alternative to proprietary models.[3]
In October 2023, Mistral AI raised €385 million.[4] By December 2023, it was valued at over $2 billion.[5][6][7]
In June 2024, Mistral AI announced a new funding round of €600 million ($645 million), significantly boosting its valuation to €5.8 billion ($6.2 billion).[8] This round was led by the venture capital firm General Catalyst, with participation from existing investors.[9]
Mistral AI has published three open-source models available as weights.[10] Additionally, three more models—Small, Medium, and Large—are available via API only.[11][12]
Based on valuation, the company is in fourth place in the global AI race and in first place outside the San Francisco Bay Area.[13] Mistral AI aims to "democratize" AI by focusing on open-source innovation.[14]