Mistral AIrevenue, valuation & funding
Natural Language Processing (NLP) SoftwareParis, FranceFounded 2023CEO Arthur Mensch
Mistral AI is a Natural Language Processing (NLP) 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
How much money does Mistral AI make?
Mistral AI brings in about $400M a year: its annual recurring revenue was $400M in February 2026, according to trendingtopics.eu.
How much is Mistral AI worth?
Mistral AI has no published valuation; estimates put it at about $23B.
Who owns Mistral AI?
Mistral AI is privately held by its founders, employees and investors, including ASML.
Is Mistral AI publicly traded?
No. Mistral AI is a private company, so its shares are not listed on a stock exchange.
How much funding has Mistral AI raised?
$5.5B across 6 rounds; the latest was a $830M round in March 2026.
Who is the CEO of Mistral AI?
Arthur Mensch, a co-founder.
Who founded Mistral AI?
Arthur Mensch, in 2023.
How many employees does Mistral AI have?
About 350 as of June 2026 (techfundingnews.com estimate).
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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 3, 2026Data disclaimerReport a correctionClaim this profileRun Mistral AI? Join the podcast