Mistral AI valuation, funding and investors
Mistral AI works in AI platform development, based in Paris, France. Founded in 2023, it has about 1,720 employees.
- Last round
- Series D · $3.50B · Sep 2026
- Valuation at last round
- $24.40B
- Headcount
- 1,715 · growing
- Grade
- A
- Founded
- 2023
Mistral AI valuation today
VCMC values Mistral AI at $25.2B today, with a range of $21.2B to $36.6B and a grade of A. The valuation starts from its last funding round, a Series D round in Sep 2026.
Valuation by date (52 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2023 | $12.8M | $4.65M – $35.1M | $14.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $12.9M | $4.69M – $35.4M | $14.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $13.0M | $4.72M – $35.6M | $14.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $13.1M | $4.75M – $35.9M | $14.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $13.2M | $4.79M – $36.1M | $14.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $13.3M | $4.83M – $36.4M | $14.5M (+9%) | before first round | – | unknown | D | 0% |
| 14 Jun 2023 | $260M | $226M – $598M | $520M (+100%) | after a round | – | unknown | B | 0% |
| 1 Jul 2023 | $269M | $226M – $598M | $520M (+93%) | after a round | – | unknown | B | 0% |
| 1 Aug 2023 | $285M | $226M – $598M | $520M (+82%) | after a round | – | unknown | B | 0% |
| 1 Sep 2023 | $303M | $226M – $598M | $520M (+72%) | after a round | – | unknown | B | 0% |
| 1 Oct 2023 | $320M | $226M – $598M | $520M (+62%) | after a round | 22 | unknown | B | 0% |
| 1 Nov 2023 | $340M | $226M – $598M | $520M (+53%) | after a round | 22 | unknown | B | 0% |
| 1 Dec 2023 | $360M | $226M – $598M | $520M (+45%) | after a round | 22 | unknown | B | 0% |
| 12 Dec 2023 | $1.2B | $829M – $3.0B | $2.1B (+80%) | after a round | 22 | unknown | C | 0% |
| 1 Jan 2024 | $1.2B | $829M – $3.0B | $2.1B (+74%) | after a round | 22 | unknown | C | 0% |
| 1 Feb 2024 | $1.3B | $829M – $3.0B | $2.1B (+66%) | after a round | 22 | unknown | C | 0% |
| 1 Mar 2024 | $1.4B | $991M – $3.7B | $2.6B (+88%) | after a round | 60 | growing | C | 0% |
| 1 Apr 2024 | $1.5B | $1.0B – $3.7B | $2.6B (+75%) | after a round | 60 | growing | C | 0% |
| 1 May 2024 | $1.6B | $1.0B – $3.7B | $2.6B (+64%) | after a round | 60 | growing | C | 0% |
| 1 Jun 2024 | $1.7B | $1.0B – $3.7B | $2.6B (+53%) | after a round | 60 | growing | C | 0% |
| 12 Jun 2024 | $6.2B | $5.4B – $10.7B | $9.3B (+50%) | after a round | 60 | growing | B | 0% |
| 1 Jul 2024 | $6.3B | $5.4B – $10.7B | $9.3B (+47%) | after a round | 60 | growing | B | 0% |
| 1 Aug 2024 | $6.6B | $5.4B – $10.7B | $9.3B (+42%) | after a round | 120 | growing | B | 0% |
| 1 Sep 2024 | $6.8B | $5.4B – $10.7B | $9.3B (+37%) | after a round | 120 | growing | B | 0% |
| 1 Oct 2024 | $7.0B | $5.4B – $10.7B | $9.3B (+32%) | after a round | 120 | growing | B | 0% |
| 1 Nov 2024 | $7.5B | $5.4B – $11.7B | $10.2B (+35%) | after a round | 180 | growing | B | 0% |
| 1 Dec 2024 | $7.8B | $5.4B – $11.7B | $10.2B (+30%) | after a round | 180 | growing | B | 0% |
| 1 Jan 2025 | $8.2B | $5.4B – $11.7B | $10.2B (+24%) | after a round | 180 | growing | B | 0% |
| 1 Feb 2025 | $8.5B | $5.4B – $11.7B | $10.2B (+19%) | after a round | 180 | growing | B | 0% |
| 1 Mar 2025 | $8.9B | $5.4B – $11.7B | $10.2B (+15%) | after a round | 180 | growing | B | 0% |
| 1 Apr 2025 | $9.2B | $5.4B – $11.7B | $10.2B (+10%) | after a round | 180 | growing | B | 0% |
| 1 May 2025 | $9.6B | $5.4B – $11.7B | $10.2B (+6%) | after a round | 180 | growing | B | 0% |
| 1 Jun 2025 | $11.7B | $5.4B – $13.7B | $11.9B (+2%) | after a round | 367 | growing | B | 0% |
| 1 Jul 2025 | $12.2B | $5.5B – $14.0B | $12.2B (0%) | after a round | 405 | growing | B | 0% |
| 1 Aug 2025 | $12.4B | $5.7B – $14.3B | $12.4B (0%) | after a round | 443 | growing | B | 0% |
| 1 Sep 2025 | $12.4B | $5.9B – $14.3B | $12.4B (0%) | after a round | 443 | growing | B | 0% |
| 10 Sep 2025 | $13.8B | $12.0B – $20.6B | $17.9B (+30%) | after a round | 443 | growing | A | 0% |
| 1 Oct 2025 | $14.0B | $12.0B – $20.6B | $17.9B (+28%) | after a round | 552 | growing | A | 0% |
| 1 Nov 2025 | $14.3B | $12.0B – $20.6B | $17.9B (+25%) | after a round | 552 | growing | A | 0% |
| 1 Dec 2025 | $14.6B | $12.0B – $20.6B | $17.9B (+22%) | after a round | 552 | growing | A | 0% |
| 1 Jan 2026 | $15.1B | $12.0B – $21.4B | $18.6B (+23%) | after a round | 648 | growing | A | 0% |
| 1 Feb 2026 | $15.5B | $12.0B – $21.4B | $18.6B (+20%) | after a round | 648 | growing | A | 0% |
| 1 Mar 2026 | $15.9B | $12.0B – $21.4B | $18.6B (+17%) | after a round | 648 | growing | A | 0% |
| 1 Apr 2026 | $16.3B | $12.0B – $21.4B | $18.6B (+14%) | after a round | 648 | growing | A | 0% |
| 1 May 2026 | $17.8B | $12.0B – $23.6B | $20.5B (+15%) | after a round | 1,015 | growing | B | 0% |
| 1 Jun 2026 | $18.4B | $12.0B – $23.6B | $20.5B (+11%) | after a round | 1,015 | growing | B | 0% |
| 1 Jul 2026 | $19.0B | $12.0B – $23.6B | $20.5B (+8%) | after a round | 1,015 | growing | B | 0% |
| 1 Aug 2026 | $19.7B | $12.0B – $23.6B | $20.5B (+4%) | after a round | 1,015 | growing | B | 0% |
| 1 Sep 2026 | $20.3B | $12.0B – $23.6B | $20.5B (+1%) | after a round | 1,015 | growing | B | 0% |
| 9 Sep 2026 | $24.4B | $21.2B – $36.5B | $31.7B (+30%) | after a round | 1,015 | growing | A | 0% |
| 1 Oct 2026 | $24.8B | $21.2B – $36.5B | $31.7B (+28%) | after a round | 1,685 | growing | A | 0% |
| 24 Oct 2026 | $25.2B | $21.2B – $36.6B | $31.8B (+26%) | after a round | 1,715 | growing | A | 0% |
Key facts about Mistral AI
- Founded
- 2023
- Headquarters
- Paris, France
- Employees
- about 1,720 +211% in a year
- Total raised
- $7.50B
- Funding rounds
- 6
- Last round
- Series D Sep 2026
Mistral AI was founded in 2023 by Arthur Mensch, Guillaume Lample and Timothée Lacroix.
Mistral AI funding history
Mistral AI has 6 funding rounds on record, from Jun 2023 to Sep 2026, $7.50B in total. The latest disclosed valuation is $24.40B post-money (Series D, Sep 2026).
Series D 8 Sep 2026
Led by Samsung Venture Investment, Scaleup Europe Fund, PSG; with Advent International, BlackRock, Grand Duchy of Luxembourg, Andreessen Horowitz, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed Venture Partners, NVIDIA, Phoenix Court, Salesforce Ventures, EQT.
Sources: techfundingnews.com, mistral.ai, techcrunch.com and 5 more
$3.50B
$24.40B post-money
Debt 30 Mar 2026no round page
With Bpifrance, BNP Paribas, Crédit Agricole CIB, HSBC, La Banque Postale, MUFG, Natixis CIB, Crédit Agricole.
Sources: techfundingnews.com, cnbc.com, acquinox.capital and 3 more
$830M
Series C 9 Sep 2025
Led by ASML Holding NV; with DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed Venture Partners, NVIDIA.
Sources: rdworldonline.com, mistral.ai, siliconangle.com and 2 more
$2.00B
$13.80B post-money
Series B 11 Jun 2024
Led by General Catalyst; with Lightspeed, Andreessen Horowitz, Cisco Investments, Nvidia.
Sources: techfundingnews.com, grantoffice.athenauni.eu, rothschildandco.com and 2 more
$644M
$6.20B post-money
Series A 11 Dec 2023
Led by Andreessen Horowitz; with Lightspeed Venture Partners, Salesforce Ventures, Motier Ventures, BNP Paribas, General Catalyst, La Famiglia, New Wave, Sofina.
Sources: techfundingnews.com
$414M
Seed 13 Jun 2023
Led by Lightspeed Venture Partners; with Index Ventures, Redpoint Ventures, LocalGlobe, JCDecaux Holding, Motier Ventures, La Famiglia, Headline, Exor Ventures, Sofina, firstminute capital, Bpifrance, Xavier Niel, Rodolphe Saadé, Innovation Endeavors.
Sources: cognitivebusiness.news, techcrunch.com, verdict.co.uk and 4 more
$113M
$260M post-money
Mistral AI investors
46 investors have backed Mistral AI; Andreessen Horowitz, General Catalyst and Lightspeed Venture Partners and 4 more led at least one round.
- Andreessen Horowitz lead, 4 rounds
- General Catalyst lead, 4 rounds
- Lightspeed Venture Partners lead, 4 rounds
- ASML Holding NV lead
- Samsung Venture Investment lead
- Scaleup Europe Fund lead
- Bpifrance 4 rounds
- Index Ventures 3 rounds
- Nvidia 3 rounds
- BNP Paribas 2 rounds
- DST Global 2 rounds
- Salesforce Ventures 2 rounds
- Sofina 2 rounds
- Advent International
- ASML
- Belfius
- BlackRock
- BNP Paribas CIB
- Carmignac
- Crédit Agricole
- Crédit Agricole CIB
- EQT
- Eurazeo
- Exor Ventures
- Grand Duchy of Luxembourg
- Hillspire
- HSBC
- Innovation Endeavors
- JCDecaux Holding
- La Banque Postale
- Lightspeed
- LocalGlobe
- MUFG
- Natixis CIB
- New Wave
- Phoenix Court
- Redpoint Ventures
- Rodolphe Saadé
- Xavier Niel
What Mistral AI does
Mistral AI works in software development services, with 14 recorded offerings and customers in financial services, public sector, manufacturing and energy.
Mistral AI, a simplified joint stock company, is a French company engaged in developing and providing AI solutions, including customizable AI assistants, autonomous agents, and multimodal AI. The company offers open-source models, developer tools, and compute infrastructure, as well as services for building, training, and deploying AI agents and applications. Mistral AI serves clients across sectors such as financial services, public sector, manufacturing, energy, transportation, healthcare, eCommerce, government, and defense. The company also engages in environmental AI research and maintains a global presence.
Description from Veridion's company data.
Products and services
- AI Platform Development
- Customizable AI Assistant Development
- Autonomous Agent Development
- Multimodal AI Solution Development
- AI Model Customization Services
- Enterprise AI Deployment Services
- Open-Source AI Model Distribution
- Developer Tool Distribution
- Compute Infrastructure Access Services
- Dedicated GPU Cluster Access Services
- Environmental AI Research and Development
- Ethical AI Consulting Services
- Industry-Specific AI Solution Development
- Developer Training Services
Markets
- Financial Services
- Public Sector
- Manufacturing
- Energy
- Transportation
- Healthcare
- eCommerce
- Government
- Defense
Technology
- Customizable AI Assistants
- Autonomous Agents
- Multimodal AI
- Open-Source AI Models
- Dedicated GPU Clusters for AI Compute
Business model
- Business-to-Business
- Service Provider
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 513210 Software Publishers 50% match
- 541511 Custom Computer Programming Services 30% match
- 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services 20% match
Questions about Mistral AI
What is Mistral AI worth?
Valuation $25.2B (range $21.2B to $36.6B), as of 24 Oct 2026. The last disclosed valuation was $24.40B (Series D, Sep 2026).
Has Mistral AI raised money?
Mistral AI has 6 funding rounds on record, from Jun 2023 to Sep 2026, $7.50B in total. The latest disclosed valuation is $24.40B post-money (Series D, Sep 2026).
Who has invested in Mistral AI?
Andreessen Horowitz, General Catalyst, Lightspeed Venture Partners, ASML Holding NV, PSG and Samsung Venture Investment, and 40 more. Lead investors include Andreessen Horowitz, General Catalyst, Lightspeed Venture Partners and ASML Holding NV.
How many people work at Mistral AI?
About 1,720, up 211% over the last year. Headcount grew from 22 in Oct 2023 to 1,715 in Oct 2026.
What does Mistral AI do?
Mistral AI works in software development services, with 14 recorded offerings and customers in financial services, public sector, manufacturing and energy. Its main offerings are AI platform development, customizable AI assistant development and autonomous agent development.
When was Mistral AI founded, and where is it based?
Mistral AI was founded in 2023 and is based in Paris, France. It has about 1,720 employees, up 211% over the last year.