Position in SVTR
Snapshot 2026-11-05- Startup Signals#10of 2,340↓1
- Foundation Models#5of 39–
- Multimodal#5of 69–
- Open Source#4of 58–
- Text / NLP#2of 13–
About
Mistral AI, founded in 2023 in Paris, France, develops open-source LLMs (large language models) to compete with OpenAI.
Full tier & rationale — an SVTR Intelligence benefit
Timeline
Public events aggregated from this page; rating changes are member-only.
Capital graph
Company· 12
Investor· 10
Founders / team· 3
Funding history
- 2026-09-08Series D$3.5B
Investors · BNP Paribas Corporate and Institutional Banking, Samsung, Advent International, Scaleup Europe Fund, PSG Equity, BlackRock, Grand Duchy of Luxembourg, Andreessen Horowitz, ASML, Belfius, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, NVIDIA, Phoenix Court's Solar fund, Salesforce VenturesSource · mistral.ai ↗
- 2025-09Series C$2.0B
Investors · ASMLSource · mistral.ai ↗
- 2024-06Series B$640M
Investors · Andreessen Horowitz, Korelya Capital, Eurazeo, IBM Ventures, SV Angel, Salesforce Ventures, Bpifrance, Headline, Samsung, Latitude, Bertelsmann, ServiceNow, Belfius, Hanwha Asset Management, Cisco Investments, Sanabil Investments, Lightspeed, General Catalyst, DST Global, Millennium New Horizons, NVIDIA, BNP ParibasSource · techcrunch.com ↗
- 2023-12Series A$415M
Investors · Salesforce, Lightspeed, BNP Paribas, CMA CGM, Conviction, General Catalyst, Andreessen HorowitzSource · techcrunch.com ↗
- 2023-06Seed$113M
Investors · LightspeedSource · tech.eu ↗
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- Mistral AI
Develops open-weight large language models and provides supporting compute infrastructure…
Series D+ · 2026-09
—
United States
BusinessLatest roundTotal raisedDate- OpenAI
GPT series of large language models and consumer and enterprise AI products such as ChatGPT
Undisclosed · $180B · 2026-03 · Valuation $852B
$180BValuation $852B - ReflectionAI
Open-weight frontier large model (Beam, a 501B-parameter MoE for coding, reasoning and agentic tasks…
Undisclosed · 2025-10 · Valuation $8.0B
—Valuation $8.0B - Celeris
Ultra-low-latency general-purpose diffusion-based large language model (Celeris-1), offered via an OpenAI-compatible API
—
China
BusinessLatest roundTotal raisedDate- DeepSeek
Open-source large language model development and API/agent services
Series A · $7.2B · 2026-06 · Valuation $56B
$7.2BValuation $56B - Moonshot AI
Develops the Kimi series of large models and open-sources their weights; offers the Kimi intelligent assistant, Kimi Code and an open platform API
Pre-IPO · $8.0B · 2026-10 · Valuation $50B pre-money
$8.0BValuation $50B pre-money - XinChen AI
Native multimodal large models under the diffusion paradigm…
Series B+ · 2026-08
—
Europe
BusinessLatest roundTotal raisedDate- Aleph Alpha
Develops AI large language models based on European data
Undisclosed · $500M · 2024-09
$500M - H
Computer-use AI agent platform for large European enterprises.
Seed · $220M · 2024-05
$220M - Emulate
AI world model R&D: simulating and predicting physical-world behavior for robotics simulation and interactive 3D environments
—
Other / unspecified
BusinessLatest roundTotal raisedDate- UkisAI
Trains and open-sources efficient reasoning LLMs (Swift series), and provides custom AI solutions and AI training for enterprises
— - Sarvam AI
Builds large language models that support Indian languages
Series B · $275M · 2026-06 · Valuation $1.5B
$275MValuation $1.5B - Cohere
Platform company that builds general-purpose and vertical large models for enterprises
Series D+ · $1.8B · 2026-10 · Valuation $26B
$1.8BValuation $26B
Confirmed rounds only. Matched on subsector, sector, stage and funding scale — each verifiable on the company profiles.
AI investments
Investors that may fit
Sequoia Capital
5 Foundation Models deals in the last 24 months · 2 at a nearby stage · 1 in Western Europe
Request intro →3 Foundation Models deals in the last 24 months · 1 at a nearby stage · 1 in Western Europe
Request intro →Ranked by each firm’s deals in this sector over the last 24 months, weighted by nearby stage and shared geography. Indicative only — no rating judgment.