Mistral AI

Software Development Applications · Paris, France · Founded 2023 · Privately Held (backing)

Developer of a configurable AI platform designed to give enterprises full control over their artificial intelligence workflows. Mistral AI is based in Paris, France and was founded in 2023. It was valued at $13.7 billion at its Series C in Sep 2025, the last priced event on record. It has raised $4 billion across 6 recorded rounds; the latest was a $3.5 billion Series D in Jun 2026.

PMV mark · valuation
$13.7B
Oct 2026
Priced at
its Series C
Sep 2025
Total raised
$4.0B
Last round
Series D
Jun 2026
What is Mistral AI worth?
$13.7BPrivateMarketView mark · Oct 2026

Valued at $13.7B at its Series C, Sep 2025. Nothing has traded since.

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Valuation timeline

4 priced rounds · 32 daily marks since · Jun 2023 – Oct 2026
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Seed Roundrounds hold their value until the next priced eventMark, today
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Mistral AI funding history

6 rounds
DateRoundRaisedPost-money
Jun 2026Series D$3.5B▮
Mar 2026Debt - General$830.0M▮
Sep 2025Series C$2.0B▮
Jun 2024Series B$650.6M▮
Feb 2024Series A$431.3M▮
Jun 2023Seed Round$113.0M▮
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Mistral AI valuation

Mistral AI was valued at $13.7 billion at its Series C in Sep 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Mistral AI raised?

Mistral AI has raised $4 billion across 6 recorded rounds since 2023. The largest was an $830 million debt round in Mar 2026; the most recent was a $3.5 billion Series D in Jun 2026. 4 of the rounds disclosed a post-money valuation.

Comparable companies

Comparable software development applications names by valuation on PrivateMarketView: Nscale ($14.6 billion), Poolside (Software Development Applications) ($14 billion) and Lovable ($13.3 billion).

How Mistral AI's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Mistral AI, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Mistral AI

What is Mistral AI worth?
Mistral AI is valued at $13.7B as of Oct 2026. Valued at $13.7B at its Series C, Sep 2025. Nothing has traded since.
How much has Mistral AI raised?
Mistral AI has raised $4.0B in total funding across 6 recorded rounds.
When did Mistral AI last raise?
Mistral AI last raised in Jun 2026 (Series D), raising $3.5B.