Mistral AI Acquires Koyeb to Bolster Cloud Infrastructure

Key Takeaways

• Mistral AI is acquiring Koyeb to add serverless GPU orchestration to Mistral Compute.
• Koyeb’s technology enables autoscaling, on-prem deployment and improved GPU utilization for AI inference.
• The deal marks Mistral’s first acquisition as it shifts toward owning full-stack AI infrastructure.

Mistral AI announced on Feb. 17, 2026 that it agreed to acquire Koyeb, a Paris-based cloud computing startup, for an undisclosed amount. The deal is Mistral's first acquisition as it pursues its goal of building full-stack AI infrastructure.

Founded in 2020 by former Scaleway employees Yann Léger, Edouard Bonlieu and Bastien Chatelard, Koyeb developed a serverless platform that simplifies AI application deployment. Company officials said Koyeb's technology will help Mistral deploy models on client hardware, optimize GPU usage and scale AI inference. Koyeb's 13 employees and three co-founders will join Mistral's engineering team under CTO Timothée Lacroix.

Table of Contents

• How Koyeb Strengthens Mistral Compute
• Europe’s AI Contender Builds at Speed
• Mistral AI Background

How Koyeb Strengthens Mistral Compute

Koyeb's platform aims to enhance Mistral Compute with several serverless technologies:

Infrastructure Component	Enterprise Impact
Serverless GPUs	GPU access without infrastructure management
Koyeb Sandboxes	Isolated environments for AI agent deployment
Autoscaling	Automatic resource adjustment based on demand
On-premises deployment	Model execution on client hardware
Inference optimization	Improved GPU utilization for model responses

The acquisition remains subject to closing conditions. Koyeb's platform will continue operating and is expected to become a core component of Mistral Compute over the coming months.

Europe’s AI Contender Builds at Speed

Between May 2025 and February 2026, Mistral AI executed an aggressive expansion strategy centered on open-weight models, sovereign infrastructure and enterprise deployments.

Here's a breakdown of the tech company's latest moves: 

• April 2025: Mistral signed a €100 million deal with logistics giant CMA CGM. 

• May 2025: The company announced a 1.4GW AI Campus near Paris — Europe's largest planned AI data center — via a partnership with MGX, Nvidia and Bpifrance. 

• May-July 2025: Mistral released three open-weight models — Magistral Small (multilingual reasoning), Voxtral Small (audio transcription) and Devstral Medium (code assistant) — while upgrading Mistral Medium 3 with 128,000-token context.

• September 2025: Mistral secured a €1.7 billion Series C in September 2025 at an €11.7 billion valuation, with semiconductor equipment leader ASML leading the round for an approximately 11% stake. 

• December 2025: The company launched Mistral 3, a multimodal series featuring Mistral Large 3 and edge-optimized Ministral 3 models in 3B, 8B and 14B sizes, with Mistral Large 3 ranking No. 2 among open-source non-reasoning models on the LMArena leaderboard.

• December 2025: HSBC signed a multi-year agreement to deploy Mistral's generative AI tools.

• January 2026: Mistral released Vibe 2.0, a terminal-native coding agent with workflow customization features. 

• February 2026: The tech company debuted Voxtral Transcribe 2, targeting enterprise voice workflows with sub-200ms latency.

• February 2026: Mistral committed €1.2 billion to Swedish AI data centers developed with EcoDataCenter, its first major infrastructure expansion outside France.

Mistral AI Background

Founded in 2023, Mistral AI targets large enterprises and public-sector organizations seeking configurable, privacy-focused AI tools. The company offers open-source language models and enterprise tools including Le Chat, AI Studio, Mistral Code and Mistral Compute.