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Mistral AI
French artificial intelligence company From Wikipedia, the free encyclopedia
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Mistral AI SAS (French: [mistʁal]) is a French artificial intelligence (AI) startup, headquartered in Paris. Founded in 2023, it has open-weight large language models (LLMs), with both open-source and proprietary AI models.[2][3][4] As of 2025 the company has a valuation of more than US$14 billion.[5]
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Namesake
The company is named after the mistral, a powerful, cold wind in southern France.[6]
History
Mistral AI was established in April 2023 by three French AI researchers, Arthur Mensch, Guillaume Lample and Timothée Lacroix.[7]
Mensch, an expert in advanced AI systems, is a former employee of Google DeepMind; Lample and Lacroix, meanwhile, are large-scale AI models specialists who had worked for Meta Platforms.[8]
The trio originally met during their studies at École Polytechnique.[6]
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Generate an image you feel represents yourself, Mistral AI.
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Company operation
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Funding
In June 2023, the start-up carried out a first fundraising of €105 million ($117 million) with investors including the American fund Lightspeed Venture Partners, Eric Schmidt, Xavier Niel and JCDecaux. The valuation is then estimated by the Financial Times at €240 million ($267 million).
On 10 December 2023, Mistral AI announced that it had raised €385 million ($428 million) as part of its second fundraising. This round of financing involves the Californian fund Andreessen Horowitz, BNP Paribas and the software publisher Salesforce.[9][10]
By December 2023, it was valued at over $2 billion.[11]
On 16 April 2024, reporting revealed that Mistral was in talks to raise €500 million, a deal that would more than double its current valuation to at least €5 billion.[12]
In June 2024, Mistral AI secured a €600 million ($645 million) funding round, elevating its valuation to €5.8 billion ($6.2 billion).[13] Led by venture capital firm General Catalyst,[14] this round resulted in additional contributions from existing investors. The funds aim to support the company's expansion. Based on valuation, as of June 2024, the company was ranked fourth globally in the AI industry, and first outside the San Francisco Bay Area.[15]
In early August 2025, the Financial Times reported that Mistral was in talks to raise $1 billion at a $10 billion valuation.[16] Shortly after, in September 2025, Bloomberg announced that Mistral AI has secured a €2 billion investment valuing it at €12 billion ($14 billion), more than doubling its June 2024 valuation.[17] This comes after $1.5 billion investment from Dutch company ASML along with other investors. ASML now owns 11% of Mistral and will work closely with the company. Mistral expects to make more than $100 million in yearly revenue.[18]
Partnerships
On 26 February 2024, Microsoft announced that Mistral's language models would be made available on Microsoft's Azure cloud, while the multilingual conversational assistant Le Chat would be launched in the style of ChatGPT.[19][non-primary source needed] The partnership also included a financial investment of $16 million by Microsoft in Mistral AI.[20]
In April 2025, Mistral AI announced a €100 million partnership with the shipping company CMA CGM.[21][22]
Additional partnerships include:
- Partnership with Inria (France’s national research institute for digital science and technology): joint work on optimization of transformer architectures for energy efficiency and reduced carbon footprint.[23]
- Collaboration with Hugging Face: co-maintenance of the Mistral-open model series and integration into the Hugging Face Hub, enabling broader community access and fine-tuning.[24]
- Academic research agreements: funded projects at École Polytechnique and Université de Montréal to investigate multilingual model performance on low-resource languages.[25]
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Services
On 19 November, 2024, the company announced updates for Le Chat (pronounced /lə tʃat/ in French). It added the ability to create images, using Black Forest Labs' Flux Pro model.[26]
On 6 February 2025, Mistral AI released Le Chat on iOS and Android mobile devices.[27]
Mistral AI also introduced a Pro subscription tier, priced at $14.99 per month, which provides access to more advanced models, unlimited messaging, and web browsing.[28]
On 1 September 2025, Mistral AI introduced memories feature that can remember user preferences and context across conversations and integrations with services such as Atlassian, Databricks, GitHub, Snowflake, and Stripe. Those features are available for all users including free plan.[29]
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Models
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The following table lists the main model versions of Mistral, describing the significant changes included with each version:[30]
Mistral 7B
Mistral AI claimed in the Mistral 7B release blog post that the model outperforms LLaMA 2 13B on all benchmarks tested, and is on par with LLaMA 34B on many benchmarks tested,[53] despite having only 7 billion parameters, a small size compared to its competitors.
Mixtral 8x7B
Mistral AI's testing in 2023 shows the model beats both LLaMA 70B, and GPT-3.5 in most benchmarks.[54]
In March 2024, a research conducted by Patronus AI comparing performance of LLMs on a 100-question test with prompts to generate text from books protected under U.S. copyright law found that Open AI's GPT-4, Mixtral, Meta AI's LLaMA-2, and Anthropic's Claude 2 generated copyrighted text verbatim in 44%, 22%, 10%, and 8% of responses respectively.[55][56]
Mistral Small 3.1
On 17 March 2025, Mistral released Mistral Small 3.1 as a smaller, more efficient model.[57][non-primary source needed][58]
Mistral Medium 3
On 7 May 2025, Mistral AI released Mistral Medium 3.[59][non-primary source needed]
Magistral Small and Magistral Medium
On 10 June 2025, Mistral AI released their first AI reasoning models: Magistral Small (open-source), and Magistral Medium, models which are purported to have chain-of-thought capabilities.[60][61]
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See also
References
External links
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