Company
Mistral AI
Every release, deal and policy move from Mistral AI — updated daily.
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Mistral Medium 3.5 in Copilot Studio: Multi-Model Enterprise AI
Microsoft adds Mistral Medium 3.5 to Copilot Studio, letting enterprises build agents with European models inside Microsoft 365. Move beyond OpenAI lock-in for RAG and agent workflows. Discover how.
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Timeline
Release
Mistral Large 4
Open-weight MoE multimodal model, public preview (weights coming soon).
docs.mistral.ai (source, opens in a new tab)Funding
Mistral raises €3B Series D at ~€21B valuation
reuters.com (source, opens in a new tab)Partnership
Microsoft commits multiple billions to Mistral’s European GPU capacity
reuters.com (source, opens in a new tab)Release
Mistral Medium 3.5
docs.mistral.ai (source, opens in a new tab)Release
Mistral Small 4
docs.mistral.ai (source, opens in a new tab)Acquisition
Mistral AI acquires Koyeb, its first acquisition, for Mistral Compute
koyeb.com (source, opens in a new tab)Release
Devstral 2
docs.mistral.ai (source, opens in a new tab)Release
Mistral Large 3 & Ministral 3
docs.mistral.ai (source, opens in a new tab)
Sources: company announcements & release notes, press reports.
Fact box
- HQ
- Paris, France
- Founded
- 2023
- CEO
- Arthur Mensch
- Valuation
- ~€21B / ~$24.4B (Series D, Sept 2026)
- Total funding
- ~€6B (New York Times, 8 Sep 2026, incl. Series D)
- Core products
- Mistral Large · Le Chat · Codestral · Mistral Compute
- Latest round
- €3B Series D · Sep 2026
- Stories
- 44
Sources: mistral.ai, reuters.com, nytimes.com
Latest on X
Mistral AI · @MistralAI
Today we’re announcing a new collaboration with @nvidia to bring AI to industrial engineering: – faster simulation – open benchmarks and supporting datasets for physics AI – evaluations for agentic AI in CAE and EDA More here:
Introducing Voxtral 3: state-of-the-art Transcribe and Speech models powering Mistral’s new voice agents API. 🧵
Turns out le Chonk is into rocket science. Mistral Large 4 scoring well in engineering and astronomy on Ulam’s private benchmark, STEMBench:
What can large-scale AI models bring to the growing complexity of particle physics? @CERN and Mistral join forces to explore this question. The ambition: a single Large Physics Model, trained on billions of simulated collisions.
Welcome to Mistral, New Material. Let’s bring design to mission-critical AI.
Editor's picks
Deals & funding
Mistral AI · rounds, valuations, partners, acquisitions · $6.75B raised in tracked primary rounds · latest 8 of 9
Funding
Mistral raises €3B Series D at ~€21B valuation
reuters.com (source, opens in a new tab)Partnership
Microsoft commits multiple billions to Mistral’s European GPU capacity
reuters.com (source, opens in a new tab)Acquisition
Mistral AI acquires Koyeb, its first acquisition, for Mistral Compute
koyeb.com (source, opens in a new tab)Funding
Mistral AI raises €1.7B Series C led by ASML
Post-money valuation €11.7B (≈$13.7B); ASML invests €1.3B. USD amounts converted at announcement.
mistral.ai (source, opens in a new tab)Partnership
Mistral Compute: European AI cloud with NVIDIA (18,000 Grace Blackwell chips)
Announced at VivaTech with NVIDIA; sovereign GPU cloud in Essonne, France, initially 18,000 NVIDIA Grace Blackwell superchips.
mistral.ai (source, opens in a new tab)Funding
Mistral AI raises €600M Series B at ~$6B valuation
techcrunch.com (source, opens in a new tab)Partnership
Microsoft partnership: Mistral Large on Azure, €15M investment
azure.microsoft.com (source, opens in a new tab)Funding
Mistral AI raises €385M Series A at ~$2B valuation
techcrunch.com (source, opens in a new tab)
All 9 rounds & deals as a table · 5 funding, 3 partnerships, 1 acquisitions
| Date | Event | Type | Counterparty / round | Amount | Valuation | Source |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Mistral raises €3B Series D at ~€21B valuation Valuation ~€21B (≈$24.4B). Confirmed by Reuters and TechCrunch. | Funding | Series D | €3B | $24.4B | reuters.com |
| Jul 21, 2026 | Microsoft commits multiple billions to Mistral’s European GPU capacity Microsoft will use Mistral Compute capacity in Europe and add Mistral models to Azure, Foundry and Copilot Studio; not a new equity investment (Reuters). | Partnership · compute | with Microsoft | — | — | reuters.com |
| Feb 17, 2026 | Mistral AI acquires Koyeb, its first acquisition, for Mistral Compute Paris-based serverless platform; strengthens inference, sandboxes and on-prem deployment for Mistral Compute (TechCrunch). | Acquisition | acquires Koyeb | — | — | koyeb.com |
| Sep 9, 2025 | Mistral AI raises €1.7B Series C led by ASML Post-money valuation €11.7B (≈$13.7B); ASML invests €1.3B. USD amounts converted at announcement. | Funding | Series C | €1.7B | $13.7B | mistral.ai |
| Jun 11, 2025 | Mistral Compute: European AI cloud with NVIDIA (18,000 Grace Blackwell chips) Announced at VivaTech with NVIDIA; sovereign GPU cloud in Essonne, France, initially 18,000 NVIDIA Grace Blackwell superchips. | Partnership · compute | with NVIDIA | — | — | mistral.ai |
| Jun 11, 2024 | Mistral AI raises €600M Series B at ~$6B valuation €600M round led by General Catalyst: €468M equity plus €132M debt; valuation about $6B. | Funding | Series B | €600M | $6B | techcrunch.com |
| Feb 26, 2024 | Microsoft partnership: Mistral Large on Azure, €15M investment Multi-year deal: Mistral models on Azure AI, supercomputing for training. Microsoft's €15M (~$16M) minority investment converts into equity in a later round (reported by Reuters/FT). | Partnership · investment | with Microsoft | $16M | — | azure.microsoft.com |
| Dec 11, 2023 | Mistral AI raises €385M Series A at ~$2B valuation €385M (≈$415M) Series A led by Andreessen Horowitz; reported valuation about $2B. | Funding | Series A | €385M | $2B | techcrunch.com |
| Jun 13, 2023 | Mistral AI raises €105M seed round €105M seed (≈$113M) led by Lightspeed, weeks after founding by ex-DeepMind and Meta researchers; reported valuation about $260M. | Funding | Seed | €105M | $260M | techcrunch.com |
Sources: company announcements & release notes, press reports.
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Agentic Search: Moving Beyond Basic RAG for Better AI Accuracy
Explore how Agentic Search from Mistral, Cohere, and LlamaIndex turns LLMs into autonomous researchers. Understand accuracy gains, token…
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Mistral AI Enterprise Registry: Agents, Judges & Governance
Mistral AI is building enterprise-grade orchestration with its AI Studio registry for agents, tools, workflows, and judges. Discover…
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Devstral 2: Mistral’s Terminal-Native AI Coding Revolution
Explore Mistral AI’s Devstral 2, a 123B parameter model with Vibe CLI for agentic software development. Tackle complex,…
More stories
Models & specs
Mistral AI · context window, max output, API price, modalities, knowledge cutoff, license
| Model | Released | Context | Max output | Price in / out (per 1M) | Modalities | Knowledge cutoff | License / access | Spec source |
|---|---|---|---|---|---|---|---|---|
| Mistral Large 4 | Oct 6, 2026 | 1M | — | $1.36 / $4.18 cached $0.14 | Text, image in → text out | — | Open weights (public preview) 1.05T total / 52B active (MoE) + 1.6B vision encoder | docs.mistral.ai |
| Mistral Medium 3.5 | Apr 28, 2026 | 256K | — | $1.5 / $7.5 | Text, image in → text out | — | Open weights, modified MIT | docs.mistral.ai |
| Mistral Small 4 | Mar 16, 2026 | 256K | — | $0.15 / $0.6 | Text, image in → text out | — | Open weights, Apache 2.0 119B total / 6.5B active (MoE) | docs.mistral.ai |
| Devstral 2 | Dec 9, 2025 | 256K | — | open weights | Text in → text out | — | Open weights, modified MIT | docs.mistral.ai |
| Mistral Large 3 & Ministral 3 Mistral Large 3; Ministral 3 3B, 8B, 14B | Dec 2, 2025 | 256K | — | $0.5 / $1.5 Ministral 3 14B: $0.20/$0.20. | Text, image in → text out | — | Open weights, Apache 2.0 675B total / 41B active (MoE) | docs.mistral.ai |
| Magistral Magistral Medium, Magistral Small | Jun 10, 2025 | 40K | — | open weights | Text in → text out | — | Medium: proprietary · Small: open weights, Apache 2.0 | docs.mistral.ai |
| Mistral Medium 3 | May 7, 2025 | 128K | — | — | Text, image in → text out | — | Proprietary (API) | docs.mistral.ai |
| Mistral Small 3 | Jan 30, 2025 | 32K | — | open weights | Text in → text out | — | Open weights, Apache 2.0 24B dense | docs.mistral.ai |
| Mistral Large 2 | Jul 24, 2024 | 128K | — | open weights | Text in → text out | — | Open weights, Mistral Research License (MRL) 123B dense | docs.mistral.ai |
| Codestral | May 29, 2024 | 32K | — | open weights | Text in → text out | — | Open weights, Mistral Non-Production License (MNPL) 22B dense | docs.mistral.ai |
Sources: company announcements & release notes. Prices = standard API list price in USD per 1M tokens at time of release or current docs; batch is typically 50% off.