AI Lab · Private · Paris, FR

Mistral AI

French AI company that builds open-weight and commercial language models.

Founded Apr 28, 2023 (Wikidata)Reviewed Oct 21, 2026

Last round
Equity round
Sep 8, 2026 · Closed · Mistral AI ↗
Post-money valuation
more than €21B
Sep 8, 2026 · Announced · Mistral AI ↗
Equity raised*
€4.7B
in 2 closed rounds Tokscale tracks · method

Funding

Financing events where Mistral AI raised money or filed for it

DateRoundEquityDebtPost-moneyLeadsStatus
Sep 8, 2026Equity roundSeries D equity€3BNot tracked yetmore than €21BSamsung ElectronicsCo-led: Scaleup Europe Fund, PSG EquityClosed Mistral AI ↗
Sep 9, 2025Series C€1.7BNot tracked yet€11.7BASMLClosed Mistral AI ↗

* Equity raised counts closed primary equity rounds only, per currency. It excludes debt, secondary sales, Form D amounts and money counted inside a later round. Other trackers often add some of these, so their totals differ. Method →

Investors named in primary sources

Amounts per investor are shown only when a source states them. Other named investors are listed on each round page.

Models and usage on Tokscale

Among Tokscale users only

Among Tokscale users, last 30 days (Oct 14, 2026 to Nov 12, 2026). Tokscale usage is not market share.
ModelActive usersAdoptionTokens
Mistral Large 4mistral-large-440%47.1M
Mistral Large Latestmistral-large-latest20%2.3M
Mistral Medium Latestmistral-medium-latest10%3.5M
Mistral Medium 3 5mistral-medium-3-510%45.4K
Mistral Small 3.2 24B Instructmistral-small-3.2-24b-instruct10%9.3K

5 Mistral AI models used · 0.0% of tokens from identified models among 958 Tokscale accounts · data through Nov 12, 2026. All models →

Timeline

Every tracked event, newest first

  1. Sep 8, 2026RoundMistral AI Series DMistral AI€3Bat more than €21B postClosed Mistral AI ↗
  2. Sep 9, 2025RoundMistral AI Series CMistral AI€1.7Bat €11.7B postClosed Mistral AI ↗
Same category
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Sources

4 sources · reviewed Oct 21, 2026

  1. Mistral AI, “Mistral raises 1.7B€ to accelerate technological progress with AI”, Sep 9, 2025 · Mistral AI
  2. Mistral AI, “Mistral raises €3B to make sovereign, open-weight AI the technology frontier” · Mistral AI
  3. Mistral AI, “Mistral Blog (RSS feed)” · Mistral AI
  4. Wikidata, “Wikidata item Q119718658 (Mistral AI)” · Wikidata

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