Mistral AIPRIVATE · FOUNDED 2023
Thinking Machines LabPRIVATE · FOUNDED 2025Each bar is the last disclosed mark — $23.2B for Mistral AI (rumored, Jun 2026) and $12B for Thinking Machines Lab (post-money, Jul 2025).


Mistral AIPRIVATEAI · FR · 2023
Thinking Machines LabPRIVATEAI · US · 2025
The $23.2B tells you…
The $12B 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's sector is Artificial intelligence / large language models; Thinking Machines Lab's sector is Artificial intelligence — foundation models and fine-tuning infrastructure.
Mistral AI was last valued at $23.2B in June 2026, and Thinking Machines Lab at $12B in July 2025.
Unknown led the round for Mistral AI; NVIDIA led for Thinking Machines Lab.
Mistral AI launched in 2023; Thinking Machines Lab launched in 2025.
Mistral AI's status is private; Thinking Machines Lab's status is private.