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Mistral AI
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| Company type | Private |
|---|---|
| Industry | Artificial intelligence |
| Founded | 28 April 2023 |
| Founders |
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| Headquarters | Paris , France |
| Products |
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| Website | mistral |
| Part of a series on |
| Artificial intelligence (AI) |
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Mistral AI, headquartered in Paris, France specializes in artificial intelligence (AI) products and focuses on open-weight large language models,[1][2] (LLMs). Founded in April 2023 by former engineers from Google DeepMind[3] and Meta Platforms, the company has gained prominence as an alternative to proprietary AI systems. Named after the mistral – a powerful, cold wind in southern France[4] – the company emphasized openness and innovation in the AI field. Mistral AI positions itself as an alternative to proprietary models.[5]
In October 2023, Mistral AI raised €385 million.[6] By December 2023, it was valued at over $2 billion.[7][8][9]
In June 2024, Mistral AI secured a €600 million ($645 million) founding round, elevating its valuation to €5.8 billion ($6.2 billion).[10] Led by venture capital firm General Catalyst,[11] this round resulted in additional contributions from existing investors. The funds aim to support the company's expansion.
Mistral AI has published three open-source models available as weights.[12] Additionally, three more models – Small, Medium, and Large – are available via API only.[13][14]
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.[15] Mistral AI aims to "democratize" AI by focusing on open-source innovation.[16]
- ^ "Buzzy Startup Just Dumps AI Model That Beats GPT-3.5 Into a Torrent Link". Gizmodo. 12 December 2023. Retrieved 16 December 2023.
- ^ "What is Mistral AI?". IBM. October 2024.
- ^ "France's unicorn start-up Mistral AI embodies its artificial intelligence hopes". Le Monde.fr. 12 December 2023. Retrieved 16 December 2023.
- ^ Journal, Sam Schechner | Photographs by Edouard Jacquinet for The Wall Street. "The 9-Month-Old AI Startup Challenging Silicon Valley's Giants". WSJ. Retrieved 31 March 2024.
- ^ "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 16 December 2023.
- ^ "A French AI start-up may have commenced an AI revolution, silently". Hindustan Times. 12 December 2023.
- ^ Abboud, Leila; Levingston, Ivan; Hammond, George (8 December 2023). "French AI start-up Mistral secures €2bn valuation". Financial Times. ft.com Financial Times.
- ^ Kharpal, Arjun (24 May 2024). "CEOs of AI startups backed by Microsoft and Amazon are the new tech rockstars". CNBC. Retrieved 13 June 2024.
- ^ "Tripling Down on Mistral AI | General Catalyst". www.generalcatalyst.com. Retrieved 13 June 2024.
- ^ "Open-weight models and Mistral AI Large Language Models". docs.mistral.ai. Retrieved 4 January 2024.
- ^ "Endpoints and Mistral AI Large Language Models". docs.mistral.ai.
- ^ "Endpoints and benchmarks | Mistral AI Large Language Models". docs.mistral.ai. Retrieved 6 March 2024.
- ^ Bratton, Laura (12 June 2024). "OpenAI's French rival Mistral AI is now worth $6 billion. That's still a fraction of its top competitors". Quartz (publication). Retrieved 13 June 2024.
- ^ Webb, Maria (2 January 2024). "Mistral AI: Exploring Europe's Latest Tech Unicorn". techopedia.com. Retrieved 13 June 2024.
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