{
  "name": "Mistral AI",
  "slug": "mistral",
  "country": "FR",
  "founded": 2023,
  "description": "Open-weight frontier AI models.",
  "lastRound": "Series D",
  "lastRoundDate": "2026-06-01",
  "valuation": 20000000000,
  "totalRaised": 6500000000,
  "monthsBetweenRaises": 9,
  "revenueARR": 400000000,
  "employees": 880,
  "revPerEmployee": 455000,
  "investorTier": 1,
  "repeatFounder": false,
  "curationLists": [
    "setter30"
  ],
  "momentum": 82,
  "momentumBreakdown": {
    "funding": 29,
    "hiring": 21,
    "backers": 19,
    "curation": 5,
    "heat": 8
  },
  "confidence": "reported",
  "playbookUrl": "https://www.startupriders.com/p/mistral-growth-playbook",
  "sources": [
    {
      "label": "Startup Riders - Mistral Growth Playbook",
      "url": "https://www.startupriders.com/p/mistral-growth-playbook"
    },
    {
      "label": "Sacra - $3.5B at $20B (June 2026); €1.7B Series C led by ASML",
      "url": "https://sacra.com/c/mistral/"
    }
  ],
  "investors": [
    "ASML",
    "a16z",
    "General Catalyst"
  ],
  "careersUrl": "https://mistral.ai/careers",
  "openRoles": null,
  "openRolesChange": null,
  "verifiedDate": "2026-06-21",
  "rankChange": -1,
  "newEntry": false,
  "employeesChange": null,
  "socialFollowers": null,
  "socialFollowersChange": null,
  "arrHistory": [
    {
      "date": "2025-09",
      "value": 325000000
    },
    {
      "date": "2026-06",
      "value": 400000000
    }
  ],
  "changelog": [
    {
      "date": "2026-06-12",
      "tag": "funding",
      "summary": "Raised ~$3.5B at a ~$20B valuation, roughly doubling its Series C mark",
      "source": {
        "label": "Sacra",
        "url": "https://sacra.com/c/mistral/"
      }
    },
    {
      "date": "2026-05-01",
      "tag": "expansion",
      "summary": "Acquired Emmi AI and signed Airbus and BMW for industrial 'physical AI'",
      "source": {
        "label": "Sacra",
        "url": "https://sacra.com/c/mistral/"
      }
    },
    {
      "date": "2026-06-21",
      "tag": "news",
      "summary": "Added to the Class of 2026",
      "source": {
        "label": "Startup Riders",
        "url": "https://www.startupriders.com/p/mistral-growth-playbook"
      }
    }
  ]
}