The brief
- Raised about €3B led by Samsung in September 2026, valued above €21B (about $24B).
- ASML led its €1.7B round in September 2025 and holds a significant minority stake.
- The Mistral 3 family (December 2025) is open-weight under a permissive licence.
Programs
Mistral AI, two programs
Updated 28 May 2026Mistral modelsModels from the small Ministral for devices up to Mistral Large, plus Magistral for reasoning and Codestral for code. Many have open weights.ScalingUpdated 2 Dec 2025View program →Mistral ComputeAn AI cloud announced in June 2025 that gives European governments and firms chips and models hosted under European law.PilotNextInitial data center capacity in FranceUpdated 28 May 2026View program →
Research · Proto · Pilot · Deploy · Scaling
Upcoming catalysts
- 2027Mistral's target of 200 MW of AI compute capacity across EuropeMistral Computeby ~15 mo
Peers
Company & funding
- Valuation
- $24Bprivate
- Raised
- $5.6Bdisclosed private rounds
- Last round
- Venture roundSep 2026
- HQ
- FR
- Founded
- 2023
Post-money valuation, log scale
| Date | Round | Amount | Post-money | Lead |
|---|---|---|---|---|
| Sep 2026 | Venture round | $3.5B | $24B | Samsung |
| Sep 2025 | Series C | $2B | $14B | ASML |
| Jun 2023 | Seed | $113M | — | Lightspeed Venture Partners |
Partners & customers
People
- Arthur MenschCEO and co-founder
- Guillaume LampleChief Scientist and co-founder
- Timothée LacroixCTO and co-founder