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MISTRAL AI
Mistral AI
Artificial intelligence / large language models · Paris · France · Founded · 2023 · ≈ · 1,000 · employees

Mistral AI Funding — Last Valued at $23.2B

Private

Mistral AI has raised $8B across 8 funding rounds. The latest round valued Mistral AI at $23.2B post-money, with Unknown on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Mistral AI funding · at a glance
Total raised, all rounds
$8B
sum of disclosed sizes
Funding rounds
8
priced rounds
Latest round
$23.2B
post-money · Jun 2026
Lead on that event
Unknown
lead investor
2026
About Mistral AI

In September 2025 ASML, Europe's largest technology company, invested 1.3 billion euros in Mistral for an 11% stake, and the company later said it raised 3 billion euros to build sovereign, open-weight AI infrastructure in Europe. As of 2025 Mistral was valued at more than $14 billion, the highest valuation of any European AI company.

Funding timeline

The Mistral AI funding timeline

8 funding rounds, the latest highlighted.

2023
Mistral AI founded

Mistral AI was founded in 2023, France.

JUN 2023

Eric Schmidt, Xavier Niel and JCDecaux participated; valuation estimated by the Financial Times. $117M raised, led by Lightspeed Venture Partners.

Valuation basisAmount$117MPrice / shareLeadLightspeed Venture Partners
DEC 2023

BNP Paribas and Salesforce participated; EUR 385 million at a EUR 2 billion valuation. $428M raised, led by Andreessen Horowitz.

Valuation basisAmount$428MPrice / shareLeadAndreessen Horowitz
FEB 2024
Series A extension

A primary round — the company sells new shares to investors it selects. $16M raised, led by Microsoft.

Valuation basisAmount$16MPrice / shareLeadMicrosoft
JUN 2024
Series B at $6B post-money

A primary round — the company sells new shares to investors it selects. $415M raised, led by General Catalyst.

Valuation basispost-moneyAmount$415MPrice / shareLeadGeneral Catalyst
JUN 2024

EUR 600 million round at a EUR 5.8 billion valuation. $645M raised, led by General Catalyst.

Valuation basisAmount$645MPrice / shareLeadGeneral Catalyst
SEP 2025
Series C at $14B post-money

ASML invested EUR 1.3 billion for an 11% shareholding, becoming top shareholder.. $2B raised, led by ASML.

Valuation basispost-moneyAmount$2BPrice / shareLeadASML
MAR 2026
Datacenter financing round

Raised to build new datacenters near Paris and in Sweden. $830M raised.

Valuation basisAmount$830MPrice / shareLead
JUN 2026LATEST
Series D funding at $23.2B post-money

A primary round — the company sells new shares to investors it selects. $3.5B raised, led by Unknown.

Valuation basispost-moneyAmount$3.5BPrice / shareLeadUnknown
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Mistral AI funding rounds in full

8 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series D funding LATEST
Jun 2026
$3.5B
$23.2Bpost-money
—
Unknown
—
Datacenter financing round
Mar 2026
$830M
—
—
—
raised to build new datacenters near Paris and in Sweden
Series C
Sep 2025
$2B
$14Bpost-money
—
ASML
ASML invested EUR 1.3 billion for an 11% shareholding, becoming top shareholder.
Series B
Jun 2024
$645M
$6.2B
—
General Catalyst
EUR 600 million round at a EUR 5.8 billion valuation
Series B
Jun 2024
$415M
$6Bpost-money
—
General Catalyst
—
Series A extension
Feb 2024
$16M
—
—
Microsoft
—
Series A
Dec 2023
$428M
$2B
—
Andreessen Horowitz
BNP Paribas and Salesforce participated; EUR 385 million at a EUR 2 billion valuation
Seed
Jun 2023
$117M
$267M
—
Lightspeed Venture Partners
Eric Schmidt, Xavier Niel and JCDecaux participated; valuation estimated by the Financial Times
Mistral AI · investors

Investors

UUnknownLEADAASMLLEADGeneral CatalystLEADMicrosoftLEADAndreessen HorowitzLEADLightspeed Venture PartnersLEADSalesforceBNP ParibasNvidiaEric SchmidtXXavier NielJJCDecauxStripeLLa Caisse des Dépôts

Frequently asked questions

How can I get exposure to Mistral AI?›

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

Is Mistral AI publicly traded?›

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

What is Mistral AI's valuation?›

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

Who has invested in Mistral AI?›

Lead investors for each round are in the funding timeline.

Who are Mistral AI's competitors?›

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

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