Mistral Ai, France company behind a and assistant Le chat and several basic models, is officially considered one of the France The most promising technical boot and is is probably the only European company that could compete with Openay. But compared to its $ 6 billion value, its global market share remains relatively low.
However, the recent initiation of his chat assistant at the mobile app stores was filled with some hyper, especially in his home country. “Go and download Le Chat, made by Mistral, not to talk to Openai – or something else,” French President Emmanuel Macron said In a TV interview In front of them and action in Paris.
Although this wave of attention can be encouraging, Mistral AI is still facing challenges in the Openai Lakem – and that is kept in step with its self-definition as “the most glued independent world and leading independent and laboratory.
What is Mistral AI?
Mistral Ai collected significant amounts of funding from his creation in 2023. years with ambition to “put border guards and in hand.” Although this is not direct Jab in Openai, the slogan is conceived to emphasize the advocacy of the company for openness in AI.
Alternative to Chatggpt, Assistant Chat Assistant Le Chat, now it is also Available on iOS and Android. Reached 1 million downloads In two weeks after their mobile release, even grabing the upper place of France for free downloads in the IOS App store.
This comes next to Mistral AI’s apartment model that includes:
- Mistral Large 2the primary large language that is replaced Mistral Grand.
- Pextral large, discovered in 2024 years As a new widget Pectral family of multimodal models.
- Mistral Medium 3Published in May 2025. years by promising efficiency without compromising performance and best for coding tasks and items.
- DevistralAI Model designed for coding and openly available under the Apache 2.0 license, which means that it can be used without restrictions.
- CodetatureThe earlier generative AI model for the code, but whose license has banned commercial applications.
- “Les Minister,” Model family Optimized for edge devices such as phones.
- Mistral Saba, Focused in Arabic.
In March 2025 the company Introduced by Mistral OCRAPI optical character recognition (OCR) that can convert any PDF to text file to facilitate AI models to enter.
Who are the founders of Mistral AI?
Mistral Ai’s third founders share background in AI research in majorities in major technical companies with significant operations in Paris. General Manager Arthur Mensch worked in Google’s deep deep, while CTO Timotee Lacroik and the main scientist of the Guillaume Gilamic officer are former target employees.
Advisors The establishment also includes Jean-Charles Samuelian-Relaver (also a member of the Board) and Charles Gorintin from the startup of the Health Insurance Alan, as well as former Digital Minister Cedrić, which caused controversy Because of its previous role.
Are Mistral AI models open source?
Not everyone. Mistral AI distinguishes its Prime Model, whose weights They are not available for commercial purposes, from its free models, which provides access to the Apache 2.0 license.
Free models include research models such as Mistral Nemo, which was built in collaboration with Nvidia that launches open source In July 2024. years.
How doesn’t Mistral AI earn?
While many offers of Mistra AI free or Now you have free layersMistral AI plans to drive some income from Le Chat levels paid. Introduced in February 2025. years, Le Cha’s Pro plan costs $ 14.99 per month.
On the pure B2B, Mistral and monetizes its premier models via API with prices based on use. Companies can also license these models, and the company probably also creates a significant share of its income from its strategic partnerships, which he pointed out During Paris Summit AI.
In all, however, the income of Mistral AI still is still in the eight-digit scope, according to several sources.
What partnerships are Mistral AI closed?
2024. year, Mistral AI has entered Microsoft involving a strategic partnership for distribution and models through Microsoft Azure Platform and 15 million euros in investment. Including competitions and trade trader (CMA) quickly concluded that the agreement did not qualify for the investigation due to small size. However, it also caused some critique In the EU.
In January 2025. years, Mistral AI Agency France-Presse Press Agency signed (AFP) To let chat inquiry the entire AFP text archive from 1983. years.
Mistral AI also provided strategic partnerships with French army and Business Agency, Shipping Giant CMAGerman Defense Defense Tech Kalsing, IBM, Orangeand Stellantis.
In May 2025. year, Mistral AI announced that it would take part in creation AI Campus in the Paris RegionAs part of the joint venture with the UAE investment company MGKS, NVIDIA and the French State Investment Bank Bpifrance.
How many funding has been raised by Mistral AI to date?
Since February 2025. year, Mistral Ai raised about a billion euros in equity to date, approximately 1.04 billion dollars at the current exchange rate. This includes certain debt funding, as well as several capital financing circles collected in close succession.
In June 2023. And before he even published his first models, Mistral AI raised a Records 112 million seed circle LED LIGHTSPEED VENTURE PARTNERS. Sources at the time said the seed wheel – European biggest ever – appreciated then one month starting $ 260 million.
Other investors in this seed circle include Bpifrance, Eric Schmidt, Opetra Schmidt, headquarters, JCDecauks holding, Labillia, La Famiglia, Labillobe, Motier Ventures, Rodolphe Saade, Sofina and Ksavier Niel.
Just six months later, closed A series of 385 million euros (At that time) in the amount of $ 415 million), at a reported estimate of $ 2 billion. The round was led by andreeshen chorowitz (A16Z), with the participation of the existing LightSpeed Lightsteed, as well as BNP Paribas, CMA-CGM, belief, Elada Gil, General catalyst and seller.
The $ 16.3 million Convertible Investment That Microsoft made in Mistral AI as part of his partnership announced in February 2024. It was presented as a series of extension, implies unchanged assessment.
In June 2024. year, then raised Mistral AI 600 million euros in a mixture of capital and debt (About $ 640 million at the time). The long-term circle He was led by the General Catalyst at $ 6 billion evaluation, and significant investors, including Cisco, IBM, Nvidia, Samsung Venture Investment Corporation and others.
How would I look like Mistral ai Exit?
Mistral is “not for sale” Mensch said in January 2025. at the World Economic Forum in Davos. “Of course, (IPO) plan.”
It makes sense, given how many setups have been set up so far: even high sales cannot be provided highly multiple multiple for its investors, without mentioning sovereignty concerns depending on the galva.
However, the only way to definitely luxury takes constant crucial rumors is that its revenues are casting at levels that could even remotely justify its almost valuation of 6 billion dollars. Either way, remain set.
This story was originally published 28. February 2025. years and will be updated regularly.
