French artificial intelligence company
Mistral AI Company type Private Industry Artificial intelligence Founded 28 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 Website mistral .ai
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]
^ "France's unicorn start-up Mistral AI embodies its artificial intelligence hopes" . Le Monde.fr. 2023-12-12. Retrieved 2023-12-16 .
^ "Buzzy Startup Just Dumps AI Model That Beats GPT-3.5 Into a Torrent Link" . Gizmodo. 2023-12-12. Retrieved 2023-12-16 .
^ "Bringing open AI models to the frontier" . Mistral AI. 27 September 2023. Retrieved 4 January 2024 .
^ Metz, Cade (10 December 2023). "Mistral, French A.I. Start-Up, Is Valued at $2 Billion in Funding Round" . The New York Times.
^ 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 .
^ "A French AI start-up may have commenced an AI revolution, silently" . Hindustan Times. December 12, 2023.
^ "French AI start-up Mistral secures €2bn valuation" . ft.com Financial Times.
^ Kharpal, Arjun (2024-05-24). "CEOs of AI startups backed by Microsoft and Amazon are the new tech rockstars" . CNBC . Retrieved 2024-06-13 .
^ "Tripling Down on Mistral AI | General Catalyst" . www.generalcatalyst.com . Retrieved 2024-06-13 .
^ "Open-weight models and Mistral AI Large Language Models" . docs.mistral.ai. Retrieved 2024-01-04 .
^ "Endpoints and Mistral AI Large Language Models" . docs.mistral.ai.
^ "Endpoints and benchmarks | Mistral AI Large Language Models" . docs.mistral.ai . Retrieved 2024-03-06 .
^ 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 .
^ Webb, Maria (2024-01-02). "Mistral AI: Exploring Europe's Latest Tech Unicorn" . techopedia.com . Retrieved 2024-06-13 .