MA

Mistral AI

Foundation Models

AI model developer whose Mistral line spans open-weight releases, some under Apache 2.0, alongside a proprietary premier tier.

Total funding$2.8B

Valuation$13.8B

Employees900

Founded2023

HeadquartersParis, France

StatusPrivate

Products

Selected offerings — the AI products recorded here, not the vendor's full catalogue.

• Mistral Vibe Application Sold on its own

  Assistant for chat, web search, document analysis and image generation, built on Mistral's own models.

• Mistral AI Studio Model API Sold on its own

  Developer platform for calling, fine-tuning and deploying Mistral's models, billed per token.

• Mistral AI Cloud Platform Sold on its own

  Frontier-grade infrastructure and orchestration for training and serving models at scale.

• Mistral Forge Platform Sold on its own

  Turn institutional knowledge into custom enterprise LLMs without managing the infrastructure.

• Mistral OCR API service Sold on its own

  SOTA document-extraction API (OCR 4) returning bounding boxes, block classification and confidence scores across 170 languages; the same endpoint's Document AI mode adds a no-code, schema-driven layer on top for structured extraction.

• Mistral Speech Application Sold on its own

  Enterprise voice-AI solution set: real-time voice agents, text-to-speech/voice cloning (Voxtral TTS) and speech-to-text/diarization (Voxtral Realtime, Voxtral Mini Transcribe 2), open-weight and self-hostable.

Inside Mistral Vibe

• Mistral Vibe Code AI agent Included with the parent

  Agentic coding across terminal, IDE, web and background — multi-file orchestration, codebase-aware completion, async agents and native IDE extensions, built on Mistral Medium/Devstral/Codestral.

Closest alternatives 6

AAlphabet (Google)Public · $4.2TBoth sell enterprise LLM access in Menlo's measured market; Google's 21% of spend against Mistral's slice of the 12% tail — a hyperscaler platform against a standalone model API.11 of 12 capabilitiesShared product typeLarger scaleSourced competitorBuild on a hosted model APICompareOOpenAIPrivate · $852BBoth enterprise LLM APIs in Menlo's measured market; OpenAI holds 27% of spend — down from 50% in 2023 — while Mistral shares the 12% tail with Cohere and Meta's Llama.8 of 12 capabilitiesShared product typeLarger scaleSourced competitorBuild on a hosted model APICompareAAnthropicPrivate · $965BBoth sell enterprise LLM APIs in the market Menlo measures; Anthropic's 40% of spend against Mistral's slice of the 12% tail it shares with Cohere and Meta's Llama.6 of 12 capabilitiesShared product typeLarger scaleSourced competitorBuild on a hosted model APIDraft and edit written contentCompareLLightOnPublic · $29.6M3 of 12 capabilitiesShared product typeSmaller scaleNamed in filingDraft and edit written contentCompareUUpstagePrivate · $958.8MUpstage's own product-announcement page benchmarks Solar Pro 2 directly against Mistral's Small 3.2 as a comparably-performing, smaller alternative for API buyers.4 of 12 capabilitiesShared product typeSmaller scaleSourced competitorBuild on a hosted model APICompareCCoherePrivate · $7BBoth enterprise LLM APIs sharing the 12% tail of Menlo's measured market with Meta's Llama — peers in position as well as product, behind three leaders holding 88%.3 of 12 capabilitiesShared product typeSourced competitorBuild on a hosted model APICompare

Similar products 144

How this list is ranked ↗

MAMoonshot AIPrivate · $35BMistral AI Studio and Kimi Open Platform do comparable work on code generation and document extraction; both also serve buyers who need to build on a hosted model API, code with an AI assistant and draft and edit written content; same layer and the same scale band (late-stage private).6 of 12 capabilitiesShared product typeSame scale bandCompareXxAIAcquired ($230B deal)Mistral Vibe Code and Grok Build do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; xAI is acquired, with no independent scale.8 of 12 capabilitiesShared product typeCompareBBaiduPublic · $31.6BMistral OCR and Baidu OCR (General Text Recognition) do comparable work on document extraction; both also serve buyers who need to extract facts from text; larger scale (public).7 of 12 capabilitiesShared product typeLarger scaleCompareTTencentPublic · $510.1BMistral Vibe and Tencent Yuanbao do comparable work on search answers and summarization; both also serve buyers who need to draft and edit written content; larger scale (public).11 of 12 capabilitiesShared product typeLarger scaleCompareAAlibabaPublic · $273.4BMistral Vibe Code and Qwen Code do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (public).9 of 12 capabilitiesShared product typeLarger scaleCompareZZ.ai (Zhipu AI)Public · $58.6BMistral Vibe and AMiner do comparable work on search answers and summarization; both also serve buyers who need to draft and edit written content; larger scale (public).5 of 12 capabilitiesShared product typeLarger scaleCompareKKuaishouPublic · $18.6BMistral Vibe Code and CodeFlicker do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; similar scale (public).5 of 12 capabilitiesShared product typeCompareALAI21 LabsPrivate · $1.4BMistral Forge and AI21 Post-Training do comparable work on model training; both also serve buyers who need to train or fine-tune a model; smaller scale (private).4 of 12 capabilitiesShared product typeSmaller scaleCompareDDeepSeekPrivate · $50BMistral AI Studio and DeepSeek API Platform do comparable work on code generation; both also serve buyers who need to build on a hosted model API, code with an AI assistant and draft and edit written content; same layer and the same scale band (late-stage private).4 of 12 capabilitiesShared product typeSame scale bandCompareSASarvam AIPrivate · $275M raisedMistral OCR and Sarvam Document Digitisation do comparable work on document extraction; similar scale (private).6 of 12 capabilitiesShared product typeCompareSStepFunPrivate · $10BMistral Speech and 阶跃星辰 AI Studio (StepFun AI Studio) do comparable work on speech to text, text to speech and voice agent; both also serve buyers who need to create synthetic voice and audio and turn speech into text; same layer and the same scale band (late-stage private).7 of 12 capabilitiesShared product typeSame scale bandCompareNCNAVER CloudPrivateMistral AI Cloud and ML expert Platform do comparable work on GPU cloud, model hosting and model training; both also serve buyers who need to buy data-centre AI compute and train or fine-tune a model; NAVER Cloud's scale not recorded.9 of 12 capabilitiesShared product typeCompareKKakaoPublic · $16BMistral Vibe and Kanana in KakaoTalk do comparable work on search answers and summarization; both also serve buyers who need to draft and edit written content; similar scale (public).5 of 12 capabilitiesShared product typeCompareMMiniMaxPublic · $12.6BMistral Vibe Code and MiniMax Agent do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; similar scale (public).3 of 12 capabilitiesShared product typeCompareMPMeta PlatformsPublic · $1.5TMistral Vibe Code and Muse Code do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (public).5 of 12 capabilitiesShared product typeLarger scaleCompareSSenseTimePublic · $7.7BMistral AI Studio and SenseNova do comparable work on code generation; both also serve buyers who need to build on a hosted model API, code with an AI assistant and draft and edit written content; similar scale (public).5 of 12 capabilitiesShared product typeCompareIImbuePrivate · $232M raisedMistral Vibe Code and Sculptor do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; similar scale (private).2 of 12 capabilitiesShared product typeCompareYYandexPublicMistral Speech and Yandex SpeechKit do comparable work on speech to text, text to speech and voice agent; both also serve buyers who need to create synthetic voice and audio and turn speech into text; Yandex's scale not recorded.10 of 12 capabilitiesShared product typeCompareCClinePrivate · $32M raisedMistral Vibe Code and Cline do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; similar scale (private).2 of 12 capabilitiesShared product typeCompareJJetBrainsPrivateMistral Vibe Code and Junie do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; JetBrains's scale not recorded.2 of 12 capabilitiesShared product typeCompareDDecartPrivate · $4BMistral AI Studio and Cogito both serve buyers who need to build on a hosted model API and draft and edit written content; smaller scale (private).3 of 12 capabilitiesShared product typeSmaller scaleComparePAPoolside AIPrivate · $620M raisedMistral Vibe Code and poolside do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; similar scale (private).2 of 12 capabilitiesShared product typeCompareCCognitionPrivate · $26BMistral Vibe Code and Devin CLI do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; same layer and the same scale band (late-stage private).2 of 12 capabilitiesShared product typeSame scale bandCompareLALiquid AIPrivateMistral Forge and LEAP do comparable work on model training; both also serve buyers who need to train or fine-tune a model; Liquid AI's scale not recorded.1 of 12 capabilitiesShared product typeCompareEEleutherAINonprofitMistral Forge and GPT-NeoX do comparable work on model training; both also serve buyers who need to train or fine-tune a model; EleutherAI is a nonprofit, with no independent scale; ships developer tool rather than the same layer.1 of 12 capabilitiesDifferent layerCompareAAmazonPublic · $2.8TMistral OCR and Amazon Comprehend do comparable work on document extraction; both also serve buyers who need to extract facts from text; larger scale (public).9 of 12 capabilitiesShared product typeLarger scaleCompareMMicrosoftPublic · $3.7TMistral Vibe and Microsoft Copilot do comparable work on search answers and summarization; both also serve buyers who need to draft and edit written content; larger scale (public).10 of 12 capabilitiesShared product typeLarger scaleCompareBFBlack Forest LabsPrivate · $3.3BMistral AI Studio and FLUX API both serve buyers who need to build on a hosted model API; smaller scale (private).1 of 12 capabilitiesShared product typeSmaller scaleCompareHHumainPrivateMistral AI Cloud and HUMAIN COMPUTE do comparable work on GPU cloud and model training; both also serve buyers who need to buy data-centre AI compute and train or fine-tune a model; Humain's scale not recorded.2 of 12 capabilitiesShared product typeCompareSSpeechmaticsPrivateMistral Speech and Voice Agent API do comparable work on speech to text, text to speech and voice agent; both also serve buyers who need to create synthetic voice and audio and turn speech into text; Speechmatics's scale not recorded.4 of 12 capabilitiesShared product typeCompareAHAll Hands AIPrivate · $23.8M raisedMistral Vibe Code and OpenHands do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; similar scale (private).2 of 12 capabilitiesShared product typeCompareAFAmp Frontier CorporationPrivateMistral Vibe Code and Amp do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; Amp Frontier Corporation's scale not recorded.2 of 12 capabilitiesShared product typeCompareFFactoryPrivate · $5BMistral Vibe Code and Factory Droids do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; smaller scale (private).2 of 12 capabilitiesShared product typeSmaller scaleCompareTMThinking Machines LabPrivate · $12BMistral Forge and Tinker do comparable work on model training; both also serve buyers who need to train or fine-tune a model; same layer and the same scale band (late-stage private).1 of 12 capabilitiesShared product typeSame scale bandCompareLLambdaPrivate · $1.5B raisedMistral AI Cloud and Lambda 1-Click Clusters do comparable work on GPU cloud and model training; both also serve buyers who need to buy data-centre AI compute and train or fine-tune a model; same layer and the same scale band (late-stage private).3 of 12 capabilitiesShared product typeSame scale bandCompareCCartesiaPrivateMistral Speech and Sonic / Ink do comparable work on speech to text and text to speech; both also serve buyers who need to create synthetic voice and audio and turn speech into text; Cartesia's scale not recorded.2 of 12 capabilitiesShared product typeCompareOOpenCodePrivateMistral Vibe Code and OpenCode do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; OpenCode's scale not recorded.2 of 12 capabilitiesShared product typeCompareBBasetenPrivate · $13BMistral Forge and Baseten Training do comparable work on model training; both also serve buyers who need to train or fine-tune a model; same layer and the same scale band (late-stage private).2 of 12 capabilitiesShared product typeSame scale bandCompareOOraclePublic · $454.4BMistral OCR and OCI Document Understanding do comparable work on document extraction; larger scale (public).6 of 12 capabilitiesShared product typeLarger scaleCompareTTolokaPrivateMistral Forge and Toloka Train do comparable work on model training; both also serve buyers who need to train or fine-tune a model; Toloka's scale not recorded.3 of 12 capabilitiesShared product typeCompareHCHuawei CloudPrivateMistral Vibe Code and CodeArts Agent do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; Huawei Cloud's scale not recorded.7 of 12 capabilitiesShared product typeCompareIIBMPublic · $216.6BMistral OCR and IBM Watson Natural Language Understanding do comparable work on document extraction; larger scale (public).8 of 12 capabilitiesShared product typeLarger scaleCompareRReflectionPrivate · $27.5BMistral Vibe Code and Asimov do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; ships developer tool rather than the same layer.1 of 12 capabilitiesDifferent layerSame scale bandCompare44ParadigmPublic · $2BMistral Forge and 4Paradigm Sage HyperCycle do comparable work on model training; both also serve buyers who need to train or fine-tune a model; smaller scale (public).3 of 12 capabilitiesShared product typeSmaller scaleCompareGGitLabPublic · $8.3BMistral Vibe Code and GitLab Duo with Amazon Q do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; similar scale (public).3 of 12 capabilitiesShared product typeCompareNNVIDIAPublic · $5.1TMistral Forge and NVIDIA AI Workbench do comparable work on model training; both also serve buyers who need to train or fine-tune a model; larger scale (public).6 of 12 capabilitiesShared product typeLarger scaleCompareACAugment CodePrivateMistral Vibe Code and Cosmos do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; Augment Code's scale not recorded.2 of 12 capabilitiesShared product typeCompareSStackBlitzPrivateMistral Vibe Code and Bolt.new do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; StackBlitz's scale not recorded.2 of 12 capabilitiesShared product typeCompareCSCerebras SystemsPublic · $44.4BMistral Forge and Cerebras Training Cloud do comparable work on model training; both also serve buyers who need to train or fine-tune a model; larger scale (public).1 of 12 capabilitiesShared product typeLarger scaleCompareZZoomPublic · $28.7BMistral Vibe and Zoom Paper do comparable work on summarization; both also serve buyers who need to draft and edit written content; larger scale (public).6 of 12 capabilitiesShared product typeLarger scaleCompareSServiceNowPublic · $130.1BMistral Vibe Code and Build Agent do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (public).6 of 12 capabilitiesShared product typeLarger scaleCompareUUniphorePrivate · $2.5BMistral Speech and Self-Service Agent do comparable work on speech to text and voice agent; both also serve buyers who need to create synthetic voice and audio and turn speech into text; smaller scale (private).3 of 12 capabilitiesShared product typeSmaller scaleCompareAAdobePublic · $115.9BMistral Forge and Adobe Firefly Custom Models do comparable work on model training; both also serve buyers who need to train or fine-tune a model; larger scale (public).6 of 12 capabilitiesShared product typeLarger scaleCompareEEmergentPrivate · $1.5BMistral Vibe Code and Emergent do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; smaller scale (private).2 of 12 capabilitiesShared product typeSmaller scaleCompareRRoomotePrivateMistral Vibe Code and Roomote do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; Roomote's scale not recorded.2 of 12 capabilitiesShared product typeCompareKCKilo CodeAcquiredMistral Vibe Code and Kilo Code do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; Kilo Code is acquired, with no independent scale.2 of 12 capabilitiesShared product typeCompareCCursorAcquired ($60B deal)Mistral Vibe Code and Cloud Agents do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; Cursor is acquired, with no independent scale.2 of 12 capabilitiesShared product typeCompareCCCactus ComputePrivateMistral Forge and Cactus Platform do comparable work on model training; both also serve buyers who need to train or fine-tune a model; Cactus Compute's scale not recorded.1 of 12 capabilitiesShared product typeCompareCCerencePublic · $384.9MMistral Speech and Cerence Assistant do comparable work on speech to text, text to speech and voice agent; smaller scale (public).3 of 12 capabilitiesShared product typeSmaller scaleCompareIIroncladPrivateMistral OCR and Ironclad Jurist do comparable work on document extraction; both also serve buyers who need to extract facts from text; Ironclad's scale not recorded.1 of 12 capabilitiesShared product typeCompareW&Weights & BiasesAcquiredMistral Forge and W&B Models do comparable work on model training; both also serve buyers who need to train or fine-tune a model; Weights & Biases is acquired, with no independent scale.3 of 12 capabilitiesShared product typeCompareAAAleph AlphaPrivate · $500M raisedMistral AI Studio and Pharia-1-LLM both serve buyers who need to build on a hosted model API; similar scale (private).3 of 12 capabilitiesShared product typeCompareCCrusoePrivate · $10BMistral Forge and Serverless Fine-Tuning do comparable work on model training; both also serve buyers who need to train or fine-tune a model; same layer and the same scale band (late-stage private).3 of 12 capabilitiesShared product typeSame scale bandCompareSSAPPublic · $256.3BMistral Vibe Code and SAP Joule for Developers do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (public).3 of 12 capabilitiesShared product typeLarger scaleCompareDDeepgramPrivate · $1.3BMistral Speech and Deepgram Speech-to-Text do comparable work on speech to text and voice agent; both also serve buyers who need to create synthetic voice and audio and turn speech into text; smaller scale (private).4 of 12 capabilitiesShared product typeSmaller scaleCompareSSpeakPrivate · $162M raisedMistral Speech and Speak do comparable work on speech to text and voice agent; both also serve buyers who need to create synthetic voice and audio and turn speech into text; similar scale (private).2 of 12 capabilitiesShared product typeCompareMModalPrivate · $466M raisedMistral Forge and Modal Notebooks do comparable work on model training; both also serve buyers who need to train or fine-tune a model; similar scale (private); ships developer tool and infrastructure service rather than the same layer.3 of 12 capabilitiesDifferent layerCompareRReplitPrivate · $9BMistral Vibe Code and Replit Agent 4 do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; similar scale (private).2 of 12 capabilitiesShared product typeCompareTBThe Browser CompanyPrivateMistral Vibe and Arc Max do comparable work on summarization; both also serve buyers who need to draft and edit written content; The Browser Company's scale not recorded.2 of 12 capabilitiesShared product typeCompareBByteDancePrivateMistral Vibe Code and TraeCode do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (private).3 of 12 capabilitiesShared product typeCompareLLovablePrivate · $13.3BMistral Vibe Code and Lovable do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; same layer and the same scale band (late-stage private).3 of 12 capabilitiesShared product typeSame scale bandCompareHHyperWritePrivateMistral Vibe and HyperWrite do comparable work on search answers; both also serve buyers who need to draft and edit written content; HyperWrite's scale not recorded.2 of 12 capabilitiesShared product typeCompareGGitarAcquiredMistral Vibe Code and Gitar do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; Gitar is acquired, with no independent scale.1 of 12 capabilitiesShared product typeCompareOOpenRouterPrivate · $1.3BMistral AI Studio and OpenRouter both serve buyers who need to build on a hosted model API and draft and edit written content; smaller scale (private).2 of 12 capabilitiesShared product typeSmaller scaleCompareKEKakao EnterprisePrivateMistral AI Cloud and Kubeflow do comparable work on model hosting and model training; both also serve buyers who need to train or fine-tune a model; Kakao Enterprise's scale not recorded.3 of 12 capabilitiesShared product typeCompareSSnowflakePublic · $116BMistral Vibe Code and Snowflake CoCo do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (public).4 of 12 capabilitiesShared product typeLarger scaleCompareSSiemensPublic · $244.7BMistral Forge and Rapidminer AI Studio do comparable work on model training; both also serve buyers who need to train or fine-tune a model; larger scale (public).2 of 12 capabilitiesShared product typeLarger scaleCompareNANomic AIPrivateMistral OCR and Nomic Agent API do comparable work on document extraction; both also serve buyers who need to extract facts from text; Nomic AI's scale not recorded.1 of 12 capabilitiesShared product typeCompareSESamsung ElectronicsPublic · $1.2TMistral Speech and Bixby do comparable work on speech to text and voice agent; both also serve buyers who need to create synthetic voice and audio and turn speech into text; larger scale (public).3 of 12 capabilitiesShared product typeLarger scaleCompareAAtlassianPublic · $48.2BMistral Vibe Code and Rovo Dev do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (public).4 of 12 capabilitiesShared product typeLarger scaleCompareEElevenLabsPrivate · $11BMistral Speech and Voice Design do comparable work on text to speech; both also serve buyers who need to create synthetic voice and audio; same layer and the same scale band (late-stage private).3 of 12 capabilitiesShared product typeSame scale bandCompareRRunPodPrivateMistral AI Studio and Public Endpoints both serve buyers who need to build on a hosted model API and draft and edit written content; RunPod's scale not recorded.5 of 12 capabilitiesShared product typeCompareVVercelPrivate · $9.3BMistral Vibe Code and v0 do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; similar scale (private).3 of 12 capabilitiesShared product typeCompareCCluelyPrivate · $15M raisedMistral Vibe and Cluely do comparable work on summarization; both also serve buyers who need to draft and edit written content; similar scale (private).2 of 12 capabilitiesShared product typeComparePPerplexityPrivate · $20.4BMistral Vibe and Perplexity do comparable work on search answers and summarization; both also serve buyers who need to draft and edit written content; same layer and the same scale band (late-stage private).2 of 12 capabilitiesShared product typeSame scale bandCompareUUiPathPublic · $7.2BMistral OCR and UiPath Communications Mining do comparable work on document extraction; both also serve buyers who need to extract facts from text; similar scale (public).3 of 12 capabilitiesShared product typeCompareFFreshworksPublic · $3.4BMistral Vibe Code and Freddy AI Copilot for Developers do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; smaller scale (public).4 of 12 capabilitiesShared product typeSmaller scaleCompareTTwilioPublic · $36.5BMistral Speech and Conversation Relay do comparable work on speech to text, text to speech and voice agent; both also serve buyers who need to create synthetic voice and audio and turn speech into text; larger scale (public).4 of 12 capabilitiesShared product typeLarger scaleCompareFRFurhat RoboticsPrivateMistral Speech and Furhat robot do comparable work on speech to text, text to speech and voice agent; both also serve buyers who need to create synthetic voice and audio; Furhat Robotics's scale not recorded.4 of 12 capabilitiesShared product typeCompareDDatadogPublic · $84.9BMistral Vibe Code and Bits Code do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (public).2 of 12 capabilitiesShared product typeLarger scaleCompareGGensparkPrivate · $645M raisedMistral Vibe Code and GenTerminal do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; similar scale (private).3 of 12 capabilitiesShared product typeCompareDDeepLPrivate · $2BMistral Speech and DeepL Voice for Meetings do comparable work on speech to text and text to speech; both also serve buyers who need to turn speech into text; smaller scale (private).3 of 12 capabilitiesShared product typeSmaller scaleCompareCHCohere HealthPrivate · $200M raisedMistral OCR and Policy Studio do comparable work on document extraction; both also serve buyers who need to extract facts from text; similar scale (private).1 of 12 capabilitiesShared product typeCompareBBridgeMindPrivateMistral Speech and BridgeVoice do comparable work on speech to text; both also serve buyers who need to turn speech into text; BridgeMind's scale not recorded.2 of 12 capabilitiesShared product typeCompareRRespeecherPrivate · $4M raisedMistral Speech and Respeecher Text-to-Speech API do comparable work on text to speech and voice agent; both also serve buyers who need to create synthetic voice and audio; similar scale (private).2 of 12 capabilitiesShared product typeCompareRAResemble AIPrivateMistral Speech and Security Awareness Training do comparable work on text to speech and voice agent; both also serve buyers who need to create synthetic voice and audio; Resemble AI's scale not recorded.3 of 12 capabilitiesShared product typeCompareMMetaGPTPrivateMistral Vibe Code and Atoms do comparable work on code generation; both also serve buyers who need to code with an AI assistant; MetaGPT's scale not recorded.1 of 12 capabilitiesShared product typeCompareDDocusignPublic · $12.7BMistral Vibe and Docusign AI-Assisted Review do comparable work on summarization; both also serve buyers who need to draft and edit written content; similar scale (public).3 of 12 capabilitiesShared product typeCompareNNeo4jPrivate · $2BMistral Forge and Neo4j Graph Data Science do comparable work on model training; both also serve buyers who need to train or fine-tune a model; smaller scale (private).1 of 12 capabilitiesShared product typeSmaller scaleCompareAAppenPublicMistral Forge and AI Data Platform do comparable work on model training; both also serve buyers who need to train or fine-tune a model; Appen's scale not recorded.1 of 12 capabilitiesShared product typeCompareDDatabricksPrivate · $190BMistral Forge and Databricks Model Training do comparable work on model training; both also serve buyers who need to train or fine-tune a model; larger scale (private).3 of 12 capabilitiesShared product typeLarger scaleCompareHHeyGenPrivate · $500MMistral Speech and HeyGen Video Translator do comparable work on text to speech; both also serve buyers who need to create synthetic voice and audio; smaller scale (private).1 of 12 capabilitiesShared product typeSmaller scaleCompareAAnacondaPrivateMistral Vibe Code and Anaconda Assistant do comparable work on code generation; both also serve buyers who need to code with an AI assistant; Anaconda's scale not recorded; ships developer tool rather than the same layer.1 of 12 capabilitiesDifferent layerCompareDDuolingoPublic · $7.3BMistral Vibe and Duolingo Max both serve buyers who need to draft and edit written content; similar scale (public).3 of 12 capabilitiesShared product typeCompareLLabelboxPrivate · $189M raisedMistral Forge and Horizon do comparable work on model training; both also serve buyers who need to train or fine-tune a model; similar scale (private).1 of 12 capabilitiesShared product typeCompareCCanvaPrivate · $42BMistral Vibe and Magic Write do comparable work on summarization; both also serve buyers who need to draft and edit written content; same layer and the same scale band (late-stage private).3 of 12 capabilitiesShared product typeSame scale bandCompareBBaichuanPrivate · $2.8BMistral AI Studio and Baichuan Open Platform both serve buyers who need to build on a hosted model API and draft and edit written content; smaller scale (private).1 of 12 capabilitiesShared product typeSmaller scaleCompareCCodeRabbitPrivate · $1.5BMistral Vibe Code and CodeRabbit Agent for Slack do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; smaller scale (private).2 of 12 capabilitiesShared product typeSmaller scaleCompareFFalPrivateMistral AI Cloud and fal Serverless do comparable work on GPU cloud and model hosting; both also serve buyers who need to buy data-centre AI compute; Fal's scale not recorded.2 of 12 capabilitiesShared product typeCompareCCoreWeavePublic · $48.5BMistral AI Cloud and CoreWeave AI Cloud do comparable work on GPU cloud and model training; both also serve buyers who need to buy data-centre AI compute and train or fine-tune a model; larger scale (public).2 of 12 capabilitiesShared product typeLarger scaleCompareCMComet MLPrivate · $70M raisedMistral Forge and Comet Artifacts do comparable work on model training; both also serve buyers who need to train or fine-tune a model; similar scale (private).2 of 12 capabilitiesShared product typeCompareGGlean (Glean Technologies)Private · $7.2BMistral Vibe and Glean Assistant do comparable work on search answers and summarization; similar scale (private).2 of 12 capabilitiesShared product typeCompareHAHume AIPrivateMistral Speech and Empathic Voice Interface (EVI) do comparable work on text to speech and voice agent; both also serve buyers who need to create synthetic voice and audio; Hume AI's scale not recorded.2 of 12 capabilitiesShared product typeCompareWLWellSaid LabsPrivateMistral Speech and WellSaid Labs voice platform do comparable work on text to speech; both also serve buyers who need to create synthetic voice and audio; WellSaid Labs's scale not recorded.1 of 12 capabilitiesShared product typeCompareIMInsilico MedicinePublic · $4.3BMistral Vibe and Science42: DORA do comparable work on summarization; both also serve buyers who need to draft and edit written content; smaller scale (public).3 of 12 capabilitiesShared product typeSmaller scaleCompareBBoxPublic · $4.8BMistral OCR and Box Extract do comparable work on document extraction; both also serve buyers who need to extract facts from text; smaller scale (public).3 of 12 capabilitiesShared product typeSmaller scaleCompareAApplePublic · $4.6TMistral Vibe and Siri AI both serve buyers who need to draft and edit written content; larger scale (public).3 of 12 capabilitiesShared product typeLarger scaleComparePPegasystemsPublic · $6.1BMistral Vibe Code and Pega Blueprint do comparable work on code generation; both also serve buyers who need to code with an AI assistant; smaller scale (public).1 of 12 capabilitiesShared product typeSmaller scaleCompareWFWispr FlowPrivate · $2BMistral Speech and Wispr Flow Notetaker do comparable work on speech to text; both also serve buyers who need to turn speech into text; smaller scale (private).3 of 12 capabilitiesShared product typeSmaller scaleCompareAAccenturePublic · $111BMistral Vibe Code and GenWizard do comparable work on agentic coding and code generation; both also serve buyers who need to code with an AI assistant; larger scale (public).2 of 12 capabilitiesShared product typeLarger scaleCompareAMApplied MaterialsPublic · $380.7BMistral AI Cloud and AIx do comparable work on model training; both also serve buyers who need to buy data-centre AI compute and train or fine-tune a model; larger scale (public).1 of 12 capabilitiesShared product typeLarger scaleCompareNNotionPrivate · $11BMistral Vibe and Notion AI do comparable work on summarization; both also serve buyers who need to draft and edit written content; same layer and the same scale band (late-stage private).3 of 12 capabilitiesShared product typeSame scale bandCompareSASnorkel AIPrivate · $1.3BMistral Forge and Snorkel Flow do comparable work on model training; both also serve buyers who need to train or fine-tune a model; smaller scale (private).1 of 12 capabilitiesShared product typeSmaller scaleCompareIIntelPublic · $463.7BMistral Vibe and Intel AI Playground both serve buyers who need to draft and edit written content; larger scale (public).3 of 12 capabilitiesShared product typeLarger scaleCompareQQodoPrivate · $50M raisedMistral Vibe Code and Qodo: AI Code Review (VS Code) do comparable work on code generation; both also serve buyers who need to code with an AI assistant; similar scale (private); ships developer tool rather than the same layer.1 of 12 capabilitiesDifferent layerCompareKHKakao HealthcarePrivateMistral Vibe and PASTA both serve buyers who need to draft and edit written content; Kakao Healthcare's scale not recorded.3 of 12 capabilitiesShared product typeCompareTTuringPrivate · $2.2BMistral Forge and RL environments do comparable work on model training; both also serve buyers who need to train or fine-tune a model; smaller scale (private); ships agent platform and data service rather than the same layer.1 of 12 capabilitiesDifferent layerSmaller scaleCompareSSuperhumanPrivateMistral Vibe and Grammarly do comparable work on summarization; both also serve buyers who need to draft and edit written content; Superhuman's scale not recorded.2 of 12 capabilitiesShared product typeCompareSSonarPrivate · $4.7BMistral Vibe Code and SonarQube do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; smaller scale (private); ships developer tool rather than the same layer.1 of 12 capabilitiesDifferent layerSmaller scaleCompareAAAutomation AnywherePrivateMistral OCR and Document Automation do comparable work on document extraction; both also serve buyers who need to extract facts from text; Automation Anywhere's scale not recorded.2 of 12 capabilitiesShared product typeCompareAAMDPublic · $785.1BMistral AI Cloud and AMD Developer Cloud do comparable work on GPU cloud and model training; both also serve buyers who need to buy data-centre AI compute and train or fine-tune a model; larger scale (public).3 of 12 capabilitiesShared product typeLarger scaleCompareKKrispPrivateMistral Speech and Krisp do comparable work on speech to text; both also serve buyers who need to create synthetic voice and audio and turn speech into text; Krisp's scale not recorded.2 of 12 capabilitiesShared product typeCompareGGenesysPrivateMistral Speech and Conversational Intelligence do comparable work on speech to text; both also serve buyers who need to turn speech into text; smaller scale (private).4 of 12 capabilitiesShared product typeCompareGGranolaPrivate · $1.5BMistral Speech and Granola do comparable work on speech to text; both also serve buyers who need to turn speech into text; smaller scale (private).2 of 12 capabilitiesShared product typeSmaller scaleCompareHFHugging FacePrivate · $4.5BMistral Forge and Hugging Face Jobs do comparable work on model training; both also serve buyers who need to train or fine-tune a model; smaller scale (private).3 of 12 capabilitiesShared product typeSmaller scaleCompareIIntuitPublic · $97.9BMistral OCR and Project Management Agent do comparable work on document extraction; both also serve buyers who need to extract facts from text; larger scale (public).1 of 12 capabilitiesShared product typeLarger scaleCompareBABlackbox AIPrivateMistral Vibe Code and Blackbox AI do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; Blackbox AI's scale not recorded; ships infrastructure service rather than the same layer.1 of 12 capabilitiesDifferent layerCompareSASoundHound AIPublic · $3.1BMistral Speech and SoundHound Music App do comparable work on voice agent; smaller scale (public).1 of 12 capabilitiesShared product typeSmaller scaleCompareSShopifyPublic · $196.7BMistral Vibe Code and Shopify AI Toolkit do comparable work on agentic coding; both also serve buyers who need to code with an AI assistant; larger scale (public).1 of 12 capabilitiesShared product typeLarger scaleCompareAAssemblyAIPrivate · $115M raisedMistral Speech and AssemblyAI Universal Speech-to-Text API do comparable work on speech to text; both also serve buyers who need to turn speech into text; similar scale (private).1 of 12 capabilitiesShared product typeCompareZZendeskPrivate · $10.2BMistral Vibe and Zendesk Copilot do comparable work on summarization; both also serve buyers who need to draft and edit written content; same layer and the same scale band (late-stage private).4 of 12 capabilitiesShared product typeSame scale bandCompareCCiscoPublic · $433.3BMistral Speech and AI Assistant for Webex Contact Center do comparable work on speech to text; both also serve buyers who need to turn speech into text; larger scale (public).4 of 12 capabilitiesShared product typeLarger scaleCompareFFigmaPublic · $14.4BMistral Vibe Code and Figma Make do comparable work on code generation; both also serve buyers who need to code with an AI assistant; similar scale (public).2 of 12 capabilitiesShared product typeCompareDDataikuPrivate · $3.7BMistral Forge and Dataiku do comparable work on model training; both also serve buyers who need to train or fine-tune a model; smaller scale (private).1 of 12 capabilitiesShared product typeSmaller scaleCompare

Closest alternatives are pairs a vendor page itself compares. Similar products are matched from what each product does; nothing in that group is asserted as a rivalry.

Sources

Total funding

Press release · 27 Aug 2026

cited page, source. Read via stockanalysis.com's citation for this figure on 2026-08-27.

Valuation

News reporting · 9 Sep 2025

AI firm Mistral valued at $14 billion as ASML takes major stake, CNBC, 2025-09-09. post-money valuation of the round dated 2025-09-09. Read via stockanalysis.com's citation for this figure on 2026-08-27.

Employees

Company disclosure · 27 Aug 2026

"900+ employees" on Mistral's own careers page, read 2026-08-27. A "+" figure is recorded as its floor. The page carries no date, so this as_of is the day it was read, not the figure's effective date.

Founded

Wikipedia · 27 Aug 2026

Wikipedia infobox "founded" field, read 2026-08-27.

Revenue (ARR)

News reporting · 4 Jul 2026

annual recurring revenue above $400M, Mistral's own disclosure as reported by TechCrunch 2026-07-04. ARR, not trailing-twelve-month revenue. Mistral has publicly targeted $1B, so this figure may lag.

Description

Official documentation · 6 Sep 2026

Mistral's own models page marks Mistral Large 3 "Open-weight" and Mistral Small 4 "Apache 2.0", while Codestral, OCR and Moderation sit in a premier tier — so a blanket "open-source" label was wrong about part of the portfolio. "Mixtral" appears nowhere on that page and went with it.

Open Mistral AI in the directory

Something wrong here? Send a correction — quote this company id: mistral-ai.