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Mistral AI Makes First Acquisition, Buying Koyeb to Build Its AI Cloud

The move advances a European‑hosted alternative by folding serverless deployment into Mistral Compute.

Overview

  • Mistral agreed to acquire Paris‑based Koyeb in its first deal, with financial terms undisclosed.
  • Koyeb’s 13 employees and cofounders Yann Léger, Édouard Bonlieu and Bastien Chatelard will join Mistral’s engineering team under CTO Timothée Lacroix, and Koyeb’s platform will remain live during integration.
  • The acquisition brings on‑prem model deployment, GPU optimization and scalable inference, with Koyeb expected to become a core component of Mistral Compute.
  • Koyeb will concentrate on enterprise clients going forward, closing new sign‑ups to its Starter tier, as Mistral reports roughly $400 million in annual recurring revenue.
  • The deal follows Mistral’s recently announced $1.4 billion investment in Swedish data centers to strengthen a locally controlled AI infrastructure alternative to U.S. hyperscalers.