France's AI company Mistral buys cloud service startup Koyeb

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France’s AI company Mistral buys cloud service startup Koyeb

Illustration shows Mistral AI logo · Reuters

Reuters

Wed, February 18, 2026 at 12:06 AM GMT+9 1 min read

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ASML

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PARIS, Feb 17 (Reuters) - French artificial intelligence company Mistral AI said on ‌Tuesday it had agreed to ‌buy cloud computing service startup Koyeb based near ​Paris for an undisclosed amount.

“With this first acquisition, Mistral AI takes a significant step forward in its mission to ‌build a full-stack ⁠AI champion and advance cutting-edge AI infrastructure,” Mistral said in ⁠a statement.

Koyeb, which is registered in Paris commune Boulogne-Billancourt, provides cloud services ​without servers. ​Its 13 employees ​and three co-founders ‌will join Mistral’s team.

Mistral, which was valued at $11.7 billion in September after chipmaking equipment supplier ASML became a shareholder, is considered Europe’s largest AI company.

Last ‌week, the company announced ​a 1.2 billion euro ($1.42 ​billion) investment ​in new data centres in ‌Sweden as part of ​an effort ​to keep its technology and cloud servers in Europe, unlike its main ​competitors ‌such as U.S.-based Open AI.

($1 = 0.8455 ​euros)

(Reporting by Inti Landauro, Editing by ​Charlotte Van Campenhout)

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