Mistral AI
Mistral AI is a Paris-based artificial intelligence company that develops open-weight large language models and builds the full stack around them, from its Vibe AI agent and Studio developer platform to its own compute infrastructure for enterprises and governments.
Analytics date: 30.09.2026
Basic information
Head office
92–104 Rue des Poissonniers, 75018 Paris, FranceHead officeGeography of business
France- United States of America
- United Kingdom
- Germany
- Singapore
- Sweden
- Luxembourg
- Greece
- Estonia
- Netherlands
- Austria
Geography of businessDate of the last round
Last round 09/2026Date of the last roundTotal funds raised
$7.5B+Total funds raised
Analytics date: 30.09.2026
IPO Forecast
As of late September 2026, Mistral AI has not announced an IPO date, target valuation or listing venue. CEO Arthur Mensch has consistently framed a public listing as a long-term goal rather than a near-term plan: in January 2025 he told Bloomberg that the company is "not for sale" and that an IPO is "the plan," and two months later he clarified to Fortune that, since Mistral intends to remain independent, the natural path is to go public at some point, but that it is not preparing for an IPO now. In February 2026, he said the company's easy access to debt financing meant it would not need to list that year.
Mistral continues to finance its growth privately. In September 2026, it raised €3B in a Series D led by Samsung Electronics at a post-money valuation of more than €21B, to fund frontier research, expand its computing capacity and infrastructure, and accelerate its commercial and international growth.
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Competitor Analysis
Comparison with other companies in the industry.
| Name | Valuation |
| Private companies | |
Lambda Labs | 00 |
Anthropic | 00 |
Hugging Face | 0000 |
OpenAI | 000 |
H2O.ai | 00000 |
| Traded companies | |
Alphabet | 00 |
IBM Watson (IBM) | 00 |
Microsoft Corporation | 00000 |
C3.ai | 00000 |
Baidu | 000 |
| Acquired companies | |
xAI | 0000 |