Mistral AI made its first acquisition in February of a Parisian AI infrastructure startup, Koyeb. The terms and value of the deal were not communicated, but naturally, the announcement that two hometown favorites were joining forces caused considerable excitement.
More recent disclosures, however, reveal the terms of the deal, what Mistral paid, and how Koyeb was valued. Paired with Koyeb's history of filings, the details offer a look at how a soaring decacorn made a strategic acquihire.
