Mistral AI Poised for $14 Billion Valuation in Latest Funding Round

Mistral, the French AI giant, is reportedly on the cusp of securing a $14 billion valuation | TechCrunch

French AI startup Mistral AI is finalizing a €2 billion investment at a post-money valuation of $14 billion, reports Bloomberg, positioning the company as one of Europe's most valuable tech startups. The 2-year-old OpenAI rival, founded by former DeepMind and Meta researchers, develops open source language models and Le Chat, its AI chatbot built for European audiences. Mistral isn't commenting on the report, but the round would represent Mistral's first major raise since June 2024, when it was valued at €5.8 billion. The company has previously raised over €1 billion from prominent investors including Andreessen Horowitz and General Catalyst. The investment comes as European AI startups gain unprecedented momentum. European AI companies secured 55% more year-on-year investment in Q1 2025, according to Dealroom, with 12 European startups achieving unicorn status in the first half of the year. Also leading this surge is Sweden's Lovable, an AI coding platform that reached a $1.8 billion valuation in July just eight months after its launch.

Mistral Set for $14 Billion Valuation With New Funding Round

French artificial intelligence startup Mistral AI is finalizing a €2 billion investment that values the company at €12 billion ($14 billion), including the new funding -- solidifying its position as one of Europe's most valuable tech startups. The rival to OpenAI is developing open-source language models, as well as a chatbot tailored to European users called Le Chat, and other AI services. It was founded in 2023 by Arthur Mensch, a former DeepMind researcher, and ex-Meta researchers Timothée Lacroix and Guillaume Lample.

Mistral AI Nears Close of Funding Round Lifting Valuation to $14 Billion | PYMNTS.com

By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. This would be Mistral AI's first fundraise since a June 2024 round in which it was valued at €5.8 billion, Bloomberg reported Wednesday (Sept. 3), citing unnamed sources. Mistral AI did not immediately reply to PYMNTS' request for comment. In June, it was reported that the company's revenues had increased several times over since it raised funds in 2024 and were on pace to exceed $100 million a year for the first time. PYMNTS reported in June 2024, at the time of Mistral AI's most recent funding round, that the AI startup raised $113 million in seed funding in June 2023, weeks after it was launched, secured an additional $415 million in a funding round in December 2023 in which it was valued at around $2 billion, and then raised $640 million in the round that propelled its valuation to $6 billion. "We are grateful to our new and existing investors for their continued confidence and support for our global expansion," Mistral AI said in a post on LinkedIn announcing the June 2024 funding round. "This will accelerate our roadmap as we continue to bring frontier AI into everyone's hands." In June, Mistral AI and chipmaker Nvidia announced a partnership to develop next-generation AI cloud services in France. The initiative centers around building AI data centers in France using Nvidia chips and will expand Mistral's businesses model, transitioning the AI startup from being a model developer to being a vertically integrated AI cloud provider, PYMNTS reported at the time.