About Mistral AI
Mistral AI was founded in April 2023 by Arthur Mensch, Guillaume Lample and Timothee Lacroix. In less than three years, the company’s valuation climbed to around €11.7bn ($13.8bn), supported by investors including ASML and NVIDIA. By February 2026, annualised revenue had grown to more than $400m.
The company has positioned itself as a champion of open-source generative AI, aiming to broaden access to powerful language models and reduce reliance on what it calls “big AI.” Its portfolio includes the Mistral series of models in different sizes, with the Small versions available as open source.
In July 2026, Mistral expanded its partnership with Microsoft through a multibillion-dollar agreement aimed at bringing its AI models and European infrastructure to more enterprise customers. The deal also strengthens Mistral’s position as a major European alternative to US-based AI providers.