# Mistral AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mistral-ai

- Industry: Software
- Headquarters: Paris, France
- Website: www.mistral.ai
- Total disclosed funding: $6.5B
- Latest round: Series D (Sep 2, 2026)
- Investors on record: 46

## About

Based in Paris, France, and founded in 2023, Mistral AI SAS operates as a software company that develops generative artificial intelligence solutions. The company was co-founded by Arthur Mensch (CEO), Timothée Lacroix, and Guillaume Lample. In September 2026, Mistral AI raised EUR 3 billion in series D funding co-led by Samsung Electronics, EQT and PSG Equity, with participation from Andreessen Horowitz, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac Gestion, DST Global, Eurazeo, General Catalyst Partners, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, nVenture, LocalGlobe, Salesforce Ventures, BlackRock, and Fonds souverain intergénérationnel du Luxembourg.

Mistral AI builds frontier large-language models and an enterprise AI stack focused on openness and control. Its portfolio includes open-weight and hosted models exposed via APIs; Le Chat, an enterprise assistant with agents, search, multimodal reasoning and deep personalization; domain solutions such as Document AI for high-accuracy OCR and structured extraction; and flexible deployment options (cloud, self-hosted). The firm is also moving down-stack with Mistral Compute, a private, sovereign AI platform bundling GPUs, orchestration, products and services for regulated and high-security workloads. 

Mistral AI offers two main pricing structures: subscription plans for its Le Chat assistant and usage-based pricing for its API models. Le Chat includes a Free plan with basic access, a Pro plan at USD 14.99/month (or USD 6.99 for students) offering advanced features like 150 Flash Answers/day and custom agents, a Team plan at USD 24.99 per user/month for collaboration and admin tools, and an Enterprise plan with custom pricing for private deployments and compliance needs. For APIs, pricing is per million tokens: Mistral Large 24-11 at USD 2 input/USD 6 output, Medium 3 at USD 0.40/USD 2, Small 3.1 at USD 0.10/USD 0.30, Codestral 2501 at USD 0.20/USD 0.60, and Pixtral Large at USD 0.15 for both input and output, with context windows up to 128k tokens.

The company will use the September 2026 funding to expand frontier research, scale compute capacity for training models, expand infrastructure, and accelerate commercial growth and international expansion.

## Funding rounds

- Series D, Sep 2, 2026, $3.5B — Advent International, EQT, Index Ventures, Lightspeed Venture Partners, General Catalyst Partners, Eurazeo, Headline, Hillspire, Carmignac Gestion, ASML, BNP Paribas Asset Management, Bpifrance, Andreessen Horowitz, Belfius, NVIDIA Corporation, DST Global, BlackRock, Salesforce Ventures, LocalGlobe, Korelya Capital, Fonds souverain intergénérationnel du Luxembourg, Samsung Electronics, PSG Equity
- Series C, Sep 1, 2025, $2B — Index Ventures, Lightspeed Venture Partners, General Catalyst Partners, ASML, Bpifrance, Andreessen Horowitz, DST Global, Nventures
- Series B, Jun 11, 2024, $506M — Lightspeed Venture Partners, General Catalyst Partners, Eurazeo, Headline, IBM Ventures, Bpifrance, Andreessen Horowitz, Belfius, Samsung Electronics Company, Limited, SV Angel, DST Global, Cisco Investments, Salesforce Ventures, ServiceNow Ventures, Korelya Capital, Nventures, Hanwha Asset Management, BNP Paribas Developpement, Sanabil Investments, Bertelsmann Investments
- Series A, Mar 14, 2024 — Databricks Ventures
- Series A, Dec 11, 2023, $414M — Lightspeed Venture Partners, General Catalyst Partners, Sofina, Bpifrance, Andreessen Horowitz, Salesforce Ventures, La Famiglia, Conviction VC, BNP Paribas Developpement, New Wave, Snowflake Ventures, CMA CGM Ventures, Motier Ventures, NVentures, Emerson Collective
- Seed, Jun 13, 2023, $113M — Index Ventures, Lightspeed Venture Partners, Redpoint Ventures, Sofina, Headline, Bpifrance, LocalGlobe, La Famiglia, Firstminute Capital, JCDecaux Holding, Motier Ventures, Exor Ventures

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed, Series C, Series D
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A, Series B, Series C, Series D
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Seed
- Sofina — Seed, Series A
- Headline (https://capitalatlas.ai/funds/headline) — Seed, Series B, Series D
- Bpifrance — Seed, Series A, Series B, Series C, Series D
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series D
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed, Series A
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Seed
- JCDecaux Holding — Seed
- Motier Ventures — Seed, Series A
- Exor Ventures — Seed
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B, Series C, Series D
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C, Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series A, Series B, Series D
- Conviction VC (https://capitalatlas.ai/funds/conviction-vc) — Series A
- BNP Paribas Developpement (https://capitalatlas.ai/funds/bnp-paribas-developpement) — Series A, Series B
- New Wave (https://capitalatlas.ai/funds/new-wave) — Series A
- Snowflake Ventures (https://capitalatlas.ai/funds/snowflake-ventures) — Series A
- CMA CGM Ventures (https://capitalatlas.ai/funds/cma-cgm-ventures) — Series A
- NVentures — Series A, Series B, Series C
- Emerson Collective — Series A
- Databricks Ventures (https://capitalatlas.ai/funds/databricks-ventures) — Series A
- Eurazeo (https://capitalatlas.ai/funds/eurazeo) — Series B, Series D
- IBM Ventures (https://capitalatlas.ai/funds/ibm-ventures) — Series B
- Belfius — Series B, Series D
- Samsung Electronics Company, Limited — Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series B
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series B, Series C, Series D
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series B
- ServiceNow Ventures (https://capitalatlas.ai/funds/servicenow-ventures) — Series B
- Korelya Capital (https://capitalatlas.ai/funds/korelya-capital) — Series B, Series D
- Hanwha Asset Management (https://capitalatlas.ai/funds/hanwha-asset-management) — Series B
- Sanabil Investments (https://capitalatlas.ai/funds/sanabil-investments) — Series B
- Bertelsmann Investments (https://capitalatlas.ai/funds/bertelsmann-investments) — Series B
- ASML — Series C, Series D
- Advent International (https://capitalatlas.ai/funds/advent-international) — Series D
- EQT (https://capitalatlas.ai/funds/eqt) — Series D
- Hillspire — Series D
- Carmignac Gestion (https://capitalatlas.ai/funds/carmignac-gestion) — Series D
- BNP Paribas Asset Management (https://capitalatlas.ai/funds/bnp-paribas-asset-management) — Series D
- NVIDIA Corporation — Series D
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series D
- Fonds souverain intergénérationnel du Luxembourg — Series D
- Samsung Electronics — Series D
- PSG Equity (https://capitalatlas.ai/funds/psg-equity) — Series D
