Mistral AI

Mistral AI
Company typePrivate
IndustryArtificial intelligence
Founded28 April 2023
Founders
  • Arthur Mensch
    (Co-Founder & CEO)
  • Guillaume Lample
    (Co-Founder & Chief Scientist)
  • Timothée Lacroix
    (Co-Founder & CTO)
Headquarters
Paris
,
France
Products
  • Mistral 7B
  • Mixtral 8x7B
  • Mistral Medium
  • Mistral Large
  • Mistral Large 2 (123B)
  • Mixtral 8x22B
  • Codestral 22B
  • Codestral Mamba (7B)
  • Mathstral (7B)
  • Mistral NeMo 12B
  • Mistral Embed
Websitemistral.ai
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Mistral AI is a French company specializing in artificial intelligence (AI) products. Founded in April 2023 by former employees of Meta Platforms and Google DeepMind,[1] the company has quickly risen to prominence in the AI sector.

The company focuses on producing open source large language models,[2] emphasizing the foundational importance of free and open-source software, and positioning itself as an alternative to proprietary models.[3]

In October 2023, Mistral AI raised €385 million.[4] By December 2023, it was valued at over $2 billion.[5][6][7]

In June 2024, Mistral AI announced a new funding round of €600 million ($645 million), significantly boosting its valuation to €5.8 billion ($6.2 billion).[8] This round was led by the venture capital firm General Catalyst, with participation from existing investors.[9]

Mistral AI has published three open-source models available as weights.[10] Additionally, three more models—Small, Medium, and Large—are available via API only.[11][12]

Based on valuation, the company is in fourth place in the global AI race and in first place outside the San Francisco Bay Area, ahead of several of its peers, such as Cohere, Hugging Face, Inflection, Perplexity and Together.[13] Mistral AI aims to "democratize" AI by focusing on open-source innovation.[14]

  1. ^ "France's unicorn start-up Mistral AI embodies its artificial intelligence hopes". Le Monde.fr. 2023-12-12. Retrieved 2023-12-16.
  2. ^ "Buzzy Startup Just Dumps AI Model That Beats GPT-3.5 Into a Torrent Link". Gizmodo. 2023-12-12. Retrieved 2023-12-16.
  3. ^ "Bringing open AI models to the frontier". Mistral AI. 27 September 2023. Retrieved 4 January 2024.
  4. ^ Metz, Cade (10 December 2023). "Mistral, French A.I. Start-Up, Is Valued at $2 Billion in Funding Round". The New York Times.
  5. ^ Fink, Charlie. "This Week In XR: Epic Triumphs Over Google, Mistral AI Raises $415 Million, $56.5 Million For Essential AI". Forbes. Retrieved 2023-12-16.
  6. ^ "A French AI start-up may have commenced an AI revolution, silently". Hindustan Times. December 12, 2023.
  7. ^ "French AI start-up Mistral secures €2bn valuation". ft.com Financial Times.
  8. ^ Kharpal, Arjun (2024-05-24). "CEOs of AI startups backed by Microsoft and Amazon are the new tech rockstars". CNBC. Retrieved 2024-06-13.
  9. ^ "Tripling Down on Mistral AI | General Catalyst". www.generalcatalyst.com. Retrieved 2024-06-13.
  10. ^ "Open-weight models and Mistral AI Large Language Models". docs.mistral.ai. Retrieved 2024-01-04.
  11. ^ "Endpoints and Mistral AI Large Language Models". docs.mistral.ai.
  12. ^ "Endpoints and benchmarks | Mistral AI Large Language Models". docs.mistral.ai. Retrieved 2024-03-06.
  13. ^ Bratton, Laura (2024-06-12). "OpenAI's French rival Mistral AI is now worth $6 billion. That's still a fraction of its top competitors". Quartz (publication). Retrieved 2024-06-13.
  14. ^ Webb, Maria (2024-01-02). "Mistral AI: Exploring Europe's Latest Tech Unicorn". techopedia.com. Retrieved 2024-06-13.