# Mistral AI

> Mistral AI is a Paris-based lab building open-weight large language models, valued at around €12 billion after a 2025 round led by ASML.

Mistral AI | Europe's Open-Weight LLM Champion

Mistral AI is a Paris-based artificial-intelligence lab founded in 2023 that develops open-weight large language models, positioning itself as Europe's leading independent challenger to OpenAI and Google.

Mistral raised a €1.7 billion round in 2025 that valued it at around €11.7 billion and was led by the Dutch semiconductor-equipment maker ASML, which took a strategic stake, cementing Mistral as Europe's most valuable AI startup.

https://mistral.ai