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

$1B

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 involvement and continuous improvement of the models. Unlike many competitors, Mistral AI combines a flexible API with open-source offerings, allowing for both commercial use and community contributions. The company's goal is to provide scalable and cost-effective AI solutions while fostering innovation through community engagement.

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Funded Recently
📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Stellantis opens new revenue streams in the automotive industry.
  • Le Chat mobile app targets both consumer and enterprise markets, emphasizing data privacy.
  • Mistral Small 3 offers high performance at low costs, appealing to cost-conscious businesses.

What critics are saying

  • Competition from OpenAI's cost-efficient models could challenge Mistral AI's market position.
  • DeepSeek's competitive pricing and performance pose a threat to Mistral AI.
  • Mistral Saba may face adoption challenges due to regional competition and accuracy needs.

What makes Mistral AI unique

  • Mistral AI offers both API access and open-source models, enhancing flexibility for clients.
  • The company focuses on regional language models, like Mistral Saba, for underserved markets.
  • Mistral AI's business model includes a pay-as-you-go API, ensuring scalable solutions.

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Funding

Total Funding

$1041.1M

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

↑ 6%

1 year growth

↑ 12%

2 year growth

↑ 10%
Tech.eu
Feb 20th, 2025
The French Tech Ecosystem: Innovation, Investment, And Expansion

France’s tech ecosystem continues to expand, with companies raising €10.8 billion in 2024, representing 14.5 per cent of the total funding secured across Europe. The transportation sector led the way, attracting €5 billion, largely driven by €4.4 billion in debt financing secured by Automotive Cells Company to develop three gigafactories for lithium-ion battery cell production. Following closely, artificial intelligence companies raised €1.3 billion, while fintech secured €831 million in funding. In recent years, France has secured its position as one of Europe’s most dynamic tech hubs, thanks to strong government support, financial incentives, and a thriving startup culture. The country is now home to a growing list of unicorns, including Poolside, Pigment, and Pennylane, which have reached their billion-dollar valuation in 2024. Sectors such as AI, fintech, health tech, and deeptech continue to drive innovation, backed by increasing venture capital interest and international expansion efforts

Webrazzi
Feb 18th, 2025
Mistral'Den Arapça KonuƟulan Ülkeler Için Yapay Zeka Modeli: Mistral Saba

Fransa merkezli yapay zeka giriƟimi Mistral, yeni özel eğitimli modeli Mistral Saba ile Arapça konuƟulan ĂŒlkelerde faaliyet göstermeye baƟlıyor. ÜstĂŒn Arapça etkileƟimler sunmayı hedefleyen Mistral Saba, 4 milyar parametre ile görece kĂŒĂ§ĂŒk bir model olarak konumlanmakta. Bu anlamda kullanıma hazır bir model olan Mistral Saba'yı, Mistral Small 3 ile karĆŸÄ±laƟtırmak mĂŒmkĂŒn.Hatta Mistral'in yaptığı testlere göre, Mistral Saba Arapça içerikle çalÄ±ĆŸÄ±rken Mistral Small 3'ten çok daha iyi performans gösteriyor. Buna ek olarak Saba'nın Mistral'e kıyasla Tamil ve Malayalam gibi GĂŒney Hint kökenli diller baƟta olmak ĂŒzere Hint kökenli dillerle de iyi çalÄ±ĆŸtığını belirtelim. Mistral Saba, Arapça konuƟma desteği veya içerik ĂŒretimi için kullanılabilir. Model, dahili kullanım durumları için bazı ince ayarlı modellerin temeli olarak da kullanılabilecek. Ayrıca Mistral Saba'ya Mistral'in API'si aracılığıyla eriƟilebileceğini eklemekte fayda var

TechCrunch
Feb 17th, 2025
Mistral Releases Regional Model Focused On Arabic Language And Culture

The next frontier for large language models (LLMs), one of the key technologies underpinning the boom in generative AI tools, might be geographical. On Monday, Paris-based AI startup Mistral — which is vying to rival the likes of U.S.-based Anthropic and OpenAI — is releasing a model that’s a bit different from its usual LLM.Named Mistral Saba, the new custom-trained model is designed to address a specific geography: Arabic speaking countries. The goal for Mistral Saba is to excel in Arabic interactions.Mistral Saba is a relatively small model with 24 billion parameters. As a reminder, fewer parameters generally leads to better performance with lower latency. But more parameters usually means smarter answers, even though it’s not a linear correlation.Mistral Saba is comparable in size to Mistral Small 3, its general purpose small model. But, according to Mistral’s own tests, Mistral Saba performs much better than Mistral Small 3 when handling Arabic content

PR Newswire
Feb 11th, 2025
Governments, Philanthropies And Tech Companies Launch New Partnership To Promote Public Interest Ai

PARIS, Feb. 11, 2025 /PRNewswire/ -- A new global public interest AI partnership, Current AI, was launched today at the AI Action Summit in Paris.Current AI is an initial $400 million investment from the French government, AI Collaborative, other leading governments, philanthropic and industry partners. The partnership aims to raise a total of $2.5 billion over the next five years.Other funders and partners include Google, John D. and Catherine T. MacArthur Foundation, Patrick J. McGovern Foundation, and Salesforce

PYMNTS
Feb 7th, 2025
Ai Cheat Sheet: Large Language Foundation Model Training Costs

Foundation models are large artificial intelligence (AI) models trained on humongous datasets that enable them to do a wide range of tasks across various industries. They are called foundation models because they form the backbone for other models that businesses and individuals can customize to meet their business or personal needs. Foundation models are also sometimes called frontier models if they represent the most advanced AI systems

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