Koyeb’s three cofounders and 13 employees are expected to join Mistral’s engineering team next month.
Mistral AI, the Paris-based scaleup building AI models and infrastructure, has agreed to acquire French startup Koyeb, which provides a platform to simplify the deployment of applications in the cloud.
The deal marks Mistral’s first acquisition to date, confirming previous Sifted reporting that the company plans to accelerate growth through M&A.
Mistral, which launched in 2023, has become one of Europe’s major players in AI, promising to build homegrown models capable of competing with US-based giants like OpenAI and Anthropic.
In less than three years, the company has raised nearly €2.8bn and reached a valuation of €11.7bn. Mistral has also expanded into AI infrastructure with the launch of a compute platform last year, which it said would provide customers with a sovereign cloud offering for their AI workloads.