Mistral AI — Valuation, Funding & Investors

Mistral AI is a French artificial intelligence company headquartered in Paris, founded in April 2023 by Arthur Mensch, Guillaume Lample and Timothee Lacroix, who met as students at Ecole Polytechnique. It develops large language models such as Mistral Large 3, a 675-billion-parameter mixture-of-experts model, and runs the Le Chat assistant, renamed Mistral Vibe in 2026.

As of 2025 the company carried a valuation of more than $14 billion, the highest among European AI companies, and it is seen as a central beneficiary of the European Union's push toward digital sovereignty. In September 2025 ASML invested 1.3 billion euros for an 11% stake, and Mistral has said it later raised 3 billion euros to build sovereign, open-weight AI infrastructure.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Mistral AI.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. Mistral AI availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — Mistral AI included.

The routes section explains what is realistically available for a company at this stage.

No. Mistral AI is a private company; its shares do not trade on a public exchange.

The last valuation is $23.2B (rumored, Jun 2026).

Lead investors for each round are in the funding timeline.

The closest artificial intelligence / large language models peers are on the competitors page.