The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Mistral AI

Capital · operating

still no OFFICIAL revenue disclosed by Mistral. A third-party estimate (GetLatka, citing TechCrunch reporting) pegs 2026 ARR at ~$400M, up from ~$100M in 2025 (~300% YoY) and ~$42M in 2024 — unconfirmed by Mistral itself, treat as directional only, not an earnings figure

low confidence · as of 2026-07-28 · about Mistral AI

Sourced figures 2


the working

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