Mistral AIPRIVATE · FOUNDED 2023
Reflection AIPRIVATE · FOUNDED 2024Each bar is the last disclosed mark — $23.2B for Mistral AI (rumored, Jun 2026) and $27.5B for Reflection AI (post-money, Apr 2026).


Mistral AIPRIVATEAI · FR · 2023
Reflection AIPRIVATEAI · US · 2024
The $23.2B tells you…
The $27.5B tells you…A rumored print and a post-money print are priced by different buyers under different terms, so the two numbers stay side by side, each with its own chip, and no ratio is scored. Both are private: there is no public quote and no Canborsa market on either name.
Mistral AI operates in Artificial intelligence / large language models, and Reflection AI operates in ai.
Mistral AI was last valued at $23.2B in June 2026, and Reflection AI at $27.5B in April 2026.
Mistral AI has raised $8B across 8 rounds, and Reflection AI has raised $7.1B across 4 rounds.
Unknown led the round for Mistral AI; Nvidia led for Reflection AI.
Mistral AI is based in Paris, and Reflection AI is based in Brooklyn, New York.