Mistral AIrevenue, valuation & funding
Generative AI SoftwareParis, FranceFounded 2023CEO Arthur Mensch
Mistral AI is a Generative AI Software company based in Paris, founded in 2023.
Mistral AI revenue & ARR
Mistral AI's annual recurring revenue passed $400M in February 2026 (trendingtopics.eu). That is up 567% from $60M a year earlier.
All 5 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Dec 2023 | $10M | – |
| Dec 2024 | $42M | – |
| Mar 2025 | $60M | TechCrunch |
| Nov 2025 | $100M | TechCrunch |
| Feb 2026 | $400M | trendingtopics.eu |
– source not recorded
Mistral AI valuation
Investors valued Mistral AI at $13.3B in its September 2025 Series C, its last priced round. TechCrunch puts it at about $23B (June 2026).
Valuation history$23B Valuation 2026$13.3B Series C 2025$13.8B €1.7B (~$2B), led by ASML 2025$6B Series B 2024$2B Series A 2023$250M Seed 2023
Mistral AI funding rounds & investors
Mistral AI has raised $5.5B across six rounds since 2023. The latest was a $830M funding round in March 2026.
| Date | Round | Raised | Valuation | Led by | Source |
|---|---|---|---|---|---|
| Mar 2026 | Funding round | $830M | – | datacenterdynamics.com | |
| Sep 2025 | Series C | $2B | $13.3B | TechCrunch | |
| Sep 2025 | €1.7B (~$2B), led by ASML | $1.7B | $13.8B | ASML | mistral.ai |
| Jun 2024 | Series B | $470M | $6B | TechCrunch | |
| Dec 2023 | Series A | $380M | $2B | – | |
| Jun 2023 | Seed | $105M | $250M | – | |
| Total raised | $5.5B |
Mistral AI competitors
Mistral AI competes most directly with Anthropic, Cohere, Hugging Face and AI21 Labs.
| Company | Revenue | Funding | Employees | Founded |
|---|---|---|---|---|
 Anthropic | $65B | $86.3B | 2,300 | 2021 |
| Mistral AI | $400M | $5.5B | 350 | 2023 |
 Cohere | $240M | $1.6B | 843 | 2019 |
 Hugging Face | $150M | $235M | 769 | 2016 |
 AI21 Labs | $57.8M | $461.5M | 242 | 2017 |
Mistral AI CEO, founders & employees
Arthur Mensch founded Mistral AI in 2023 and runs it as CEO. Mistral AI has 350 employees (June 2026, techfundingnews.com estimate), up from 276 a year earlier.
- Arthur MenschCo-Founder
All 7 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Jun 2026 | 350EST | techfundingnews.com estimate |
| Mar 2025 | 276 | |
| Dec 2024 | 206 | |
| Sep 2024 | 172 | |
| Mar 2024 | 63 | |
| Dec 2023 | 63 | Latka Top 250 List |
| Nov 2023 | 25 |
Mistral AI FAQ
What is Mistral AI's revenue?
Mistral AI's annual recurring revenue passed $400M in February 2026, according to trendingtopics.eu.
What is Mistral AI's valuation?
TechCrunch estimates Mistral AI's valuation at about $23B (June 2026). Its last priced round, a Series C in September 2025, valued it at $13.3B.
How much funding has Mistral AI raised?
Mistral AI has raised $5.5B across six funding rounds. The latest was a $830M funding round in March 2026.
Who owns Mistral AI?
Mistral AI is privately held. Its lead investors include ASML.
How many employees does Mistral AI have?
Techfundingnews.com estimates Mistral AI's headcount at about 350 (June 2026).
Who is the CEO of Mistral AI?
Arthur Mensch is the CEO of Mistral AI and founded the company in 2023.
Who founded Mistral AI?
Arthur Mensch founded Mistral AI in 2023.
Browse Generative AI Software
How this page is sourced
13 from public sources · 1 estimate. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Mistral AI? Join the podcast