foundation models · Industry Index 9 (rank #131) · $14.0B — Series C, 2025-09editorial estimate
ⓘ Data freshness
price: no data index: as of 2026-10-07 fundamentals: no data No structured SEC filings
French AI company that develops open-weight and commercial large language models.
Industry exposure 1.0 (Pure-play developer of open-weight and commercial LLMs, entirely dependent on AI compute.)
Signal
signal: no data
Not scored (private). Mistral AI is a private company, so its directional signal is not published.
Relationship network
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ASML — investor
Microsoft — partner
NVIDIA — investor
Key relationships
ASML — investor · ASML led Mistral AI's roughly €1.7 billion Series C, investing €1.3 billion to become its largest shareholder. source: siliconangle.com
Microsoft — partner · Microsoft made a roughly €15 million investment in Mistral AI and hosts its models on Azure. source: techcrunch.com
NVIDIA — investor · Nvidia is an existing investor in Mistral AI and participated in its Series C round. source: siliconangle.com
Unusual options activity needs a US-listed instrument; this company has none.
Not scored (private)
We don’t publish a directional call for private companies.
No moat profile yet. The durable competitive advantage — moat, leadership, and pricing power — is curated for flagship names first; Mistral AI isn't covered yet. Nothing here is fabricated in its absence.
Signal contribution
The moat prior — a subjective, non-backtested editorial input — only nudges the long (~6-month) horizon, and it isn't scoring Mistral AI yet (directional scores are withheld for private companies). Nothing here is fabricated in its absence.
No structured SEC filings. Mistral AI does not file XBRL with the SEC; see funding rounds under Investors.
Funding rounds
No recorded funding rounds.
Headline valuation: $14.0B — Series C, 2025-09 editorial estimate
Strategic corporate investors
NVIDIA — Existing investor participating in Mistral's EUR 1.7B Series C led by ASML at an EUR 11.7B post-money valuation (NVIDIA's individual amount undisclosed) · 2025-09-09 source: mistral.ai
Microsoft — EUR 15M (~$16.3M) investment alongside the Azure distribution partnership, structured as a Series A extension converting to equity in the next round (sub-1% stake) ($16.3M) · 2024-02-27 source: techcrunch.com
Microsoft will fund an expansion of Mistral AI's GPU infrastructure in Europe in a multibillion-dollar agreement, and will use that expanded European capacity to support delivery of Microsoft cloud and AI services. Additional Mistral models are being integrated across Microsoft Foundry, Copilot Studio, Azure and Azure Local. The article notes Microsoft stopped short of taking a new equity stake.
