French startup Mistral AI has officially launched the enterprise version of its chatbot Le Chat, designed to integrate with systems like Microsoft SharePoint and Google Drive, offering a robust, privacy-conscious solution for businesses.
In just the past 100 days, Mistral has tripled its revenue, with especially strong momentum in Europe and non-U.S. markets, according to CEO Arthur Mensch.
Unlike many AI providers, Mistral is investing in its own compute infrastructure to reduce reliance on U.S.-based cloud giants, providing enterprise clients with greater data sovereignty and deployment flexibility including the option to run Le Chat on their own cloud environments.
Backed by a $6 billion valuation and reported $30 million revenue in 2023, Mistral is positioning itself as a sovereign AI powerhouse in a market increasingly focused on trust, integration, and global scalability.