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Company pair · AI
VS

Mistral AI vs Reflection AI: Valuation, Funding, Trajectory

AI Both private FR · US No Canborsa market

Mistral AI and Reflection AI are often weighed against each other in AI.

On this pageSide by sideValuation marksWhat each disclosesVerdictFAQ
Mistral AIPRIVATE · FR
Reflection AIPRIVATE · US
VS
Last valuation$23.2B$27.5B
Basis Rumored Post-money
As ofJun 2026Apr 2026
Founded20232024
Employees≈1,000≈50
On CanborsaNo marketNo market
At a glance
$23.2B
Mistral AIRumored, Series D funding · Jun 2026
$27.5B
Reflection AIPost-money, Funding Round · Apr 2026
Different bases — the numbers stay side by side
Gap
0 of 2
On CanborsaNeither company has a market
VS
Head-to-head · field by field

Mistral AI vs Reflection AI — side by side

Field
Mistral AIPRIVATE · FOUNDED 2023
Reflection AIPRIVATE · FOUNDED 2024
VS
Last valuation
$23.2B Rumored
$27.5B Post-money
Valuation date
1 Jun 2026
23 Apr 2026
Valuation basis
Rumored
Post-money
Latest round
Series D funding
Funding Round
Round size
$3.5B
$2.5B
Round lead
Unknown
Nvidia
Named investors
ASML Andreessen Horowitz Lightspeed Venture Partners General Catalyst
Nvidia Lightspeed Venture Partners Sequoia Capital JPMorgan Chase
Founded
2023
2024
Employees (est.)
≈1,000
≈50
Sector & HQ
Artificial intelligence / large language models · 🇫🇷 FR
AI · US
Status & market
Private — no Canborsa market
Private — no Canborsa market
Valuation · both companies on one scale

Valuation marks

Each 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 AI
$23.2BRumored · Jun 2026
Reflection AI
$27.5BPost-money · Apr 2026
MISTRAL AI · $23.2B · JUN 2026REFLECTION AI · $27.5B · APR 2026
Mistral AI vs Reflection AI · what each company discloses

What each company discloses, and what it leaves out

Mistral AIPRIVATEAI · FR · 2023
+Last disclosed mark $23.2B — rumored, Jun 2026.
+Founded 2023 .
+≈1,000 employees.
+Latest round: Series D funding, $3.5B raised, led by Unknown.
Reflection AIPRIVATEAI · US · 2024
+Last disclosed mark $27.5B — post-money, Apr 2026.
+Founded 2024 .
+≈50 employees.
+Latest round: Funding Round, $2.5B raised, led by Nvidia.
Verdict

Verdict

The $23.2B tells you…
The $27.5B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$2.5B, led by Nvidia in Apr 2026.
A dated print: it moves only when a newer round is announced.

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.

Frequently asked questions

Are Mistral AI and Reflection AI in the same sector?›

Mistral AI operates in Artificial intelligence / large language models, and Reflection AI operates in ai.

How do Mistral AI and Reflection AI compare in valuation?›

Mistral AI was last valued at $23.2B in June 2026, and Reflection AI at $27.5B in April 2026.

What's the total funding raised by Mistral AI versus Reflection AI?›

Mistral AI has raised $8B across 8 rounds, and Reflection AI has raised $7.1B across 4 rounds.

Which investors backed Mistral AI and Reflection AI?›

Unknown led the round for Mistral AI; Nvidia led for Reflection AI.

What's the location of Mistral AI versus Reflection AI?›

Mistral AI is based in Paris, and Reflection AI is based in Brooklyn, New York.

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