Mistral AI

Mistral AI

Develops and deploys large language models

About Mistral AI

Simplify's Rating
Why Mistral AI is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

AI & Machine Learning

Company Size

201-500

Company Stage

Series B

Total Funding

$1.2B

Headquarters

Paris, France

Founded

2023

Overview

Mistral AI develops and deploys Large Language Models (LLMs) that can understand and generate human-like text. Their main products include an API that allows clients to access these models on a pay-as-you-go basis, making it easy for businesses of all sizes to integrate advanced AI capabilities without large upfront costs. Additionally, Mistral AI offers open-source models that can be accessed through platforms like Hugging Face, encouraging community engagement and contributions to improve the models. This combination of API access and open-source offerings sets Mistral AI apart from competitors by providing flexible and scalable solutions. The company's goal is to ensure accessibility to sophisticated AI tools while fostering continuous innovation through community involvement.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Open-source strategy aligns with trends of outperforming proprietary models, boosting competitiveness.
  • Partnership with Sopra Steria enhances tailored AI solutions for specific client needs.
  • Mistral OCR API meets growing demand for AI-driven document understanding in enterprises.

What critics are saying

  • Increased competition from cost-effective, high-performing models like DeepSeek's.
  • Google's Gemma 3 model could attract clients seeking cost-effective, small-device solutions.
  • Volatile AI market may bring unexpected competition, challenging Mistral AI's market position.

What makes Mistral AI unique

  • Mistral AI offers open-source models under Apache 2.0, fostering community engagement.
  • Their API provides a flexible 'pay-as-you-go' model, appealing to diverse businesses.
  • Mistral Small 3.1 outperforms larger models with fewer parameters, enhancing efficiency.

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Funding

Total Funding

$1215.5M

Above

Industry Average

Funded Over

4 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$514.8M
Mistral AI

Benefits

Health Insurance

Company Equity

Parental Leave

401(k) Retirement Plan

Paid Vacation

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

5%

2 year growth

20%
WowTale
Mar 23rd, 2025
Generalist AI Secures Investment from NVIDIA

Pete Florence, a former senior researcher at Google DeepMind, has founded a new robotics startup, Generalist AI, and secured investment from Nvidia, as reported by TechCrunch. Florence, introduced as co-founder and CEO at Nvidia's GTC 2025 conference, stated the startup aims to realize general-purpose robots. While specific plans remain undisclosed, the focus is on robotics. This move is part of a trend where DeepMind alumni establish successful startups across various fields.

VentureBeat
Mar 17th, 2025
Mistral Ai Drops New Open-Source Model That Outperforms Gpt-4O Mini With Fraction Of Parameters

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. French artificial-intelligence startup Mistral AI unveiled a new open-source model today that the company says outperforms similar offerings from Google and OpenAI, setting the stage for increased competition in a market dominated by U.S. tech giants.The model, called Mistral Small 3.1, processes both text and images with just 24 billion parameters—a fraction of the size of leading proprietary models—while matching or exceeding their performance, according to the company.“This new model comes with improved text performance, multimodal understanding, and an expanded context window of up to 128k tokens,” Mistral said in a company blog post announcing the release. The firm claims the model processes information at speeds of 150 tokens per second, making it suitable for applications requiring rapid response times.By releasing the model under the permissive Apache 2.0 license, Mistral is pursuing a markedly different strategy than its larger competitors, which have increasingly restricted access to their most powerful AI systems. The approach highlights a growing divide in the AI industry between closed, proprietary systems and open, accessible alternatives.How a $6 billion European startup is taking on Silicon Valley’s AI giantsFounded in 2023 by former researchers from Google DeepMind and Meta, Mistral AI has rapidly established itself as Europe’s leading AI startup, with a valuation of approximately $6 billion after raising around $1.04 billion in capital

Technology AI Insights
Mar 14th, 2025
DDN and Fluidstack Join Forces With Mistral AI to Accelerate Enterprise AI

DDN and Fluidstack join forces with Mistral AI to Accelerate enterprise AI.

VentureBeat
Mar 12th, 2025
Google Unveils Open Source Gemma 3 Model With 128K Context Window

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Even as large language and reasoning models remain popular, organizations increasingly turn to smaller models to run AI processes with fewer energy and cost concerns. While some organizations are distilling larger models to smaller versions, model providers like Google continue to release small language models (SLMs) as an alternative to large language models (LLMs), which may cost more to run without sacrificing performance or accuracy. With that in mind, Google has released the latest version of its small model, Gemma, which features expanded context windows, larger parameters and more multimodal reasoning capabilities. Gemma 3, which has the same processing power as larger Gemini 2.0 models, remains best used by smaller devices like phones and laptops. The new model has four sizes: 1B, 4B, 12B and 27B parameters. With a larger context window of 128K tokens — by contrast, Gemma 2 had a context window of 80K — Gemma 3 can understand more information and complicated requests. Google updated Gemma 3 to work in 140 languages, analyze images, text and short videos and support function calling to automate tasks and agentic workflows. Gemma gives a strong performanceTo reduce computing costs even further, Google has introduced quantized versions of Gemma. Think of quantized models as compressed models

VentureBeat
Mar 10th, 2025
Major Ai Market Share Shift Revealed: Dall-E Plummets 80% As Black Forest Labs Dominates 2025 Data

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. New data reveals dramatic AI market share shifts in 2025, with rapid changes in how businesses and consumers utilize artificial intelligence tools. Poe, a platform hosting over 100 AI models, released a comprehensive report today that provides an unprecedented look into real-world usage patterns across text, image, and video generation technologies.Poe’s analysis, based on interactions from millions of users over the past year, offers technical decision-makers crucial insights into a competitive field where usage data is typically closely guarded. “As AI models continue to progress, we believe they will become central to how people acquire knowledge, tackle complex tasks, and manage everyday work,” the company states in its report.The findings highlight significant market fragmentation across all AI modalities. While established players like OpenAI and Anthropic maintain dominant positions in text generation, newer entrants such as DeepSeek in text and Black Forest Labs in image generation have quickly captured meaningful market share, suggesting a dynamic ecosystem despite massive investments flowing toward industry leaders.Here are the five most surprising takeaways from Poe’s analysis of the early 2025 AI ecosystem:A chart tracking AI model usage on Poe during 2024-2025 shows OpenAI’s GPT-4o and Anthropic’s Claude models dominating the text generation market, while newcomers like DeepSeek have begun to capture meaningful market share

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