Mistral, founded in 2023 and backed by VCs including General Catalyst, has raised over €1.1 billion and serves clients like BNP Paribas and AXA. Devstral is Mistral’s third product launch this month, following the release of Mistral Medium 3 and Le Chat Enterprise. The company is working on a larger coding model and aims to build a range of AI-powered services. Devstral marks a shift from Mistral’s previous model, Codestral, which was not available for commercial use.
Key takeaways:
- Mistral announced Devstral, a new AI model for coding, developed in partnership with All Hands AI and available under an Apache 2.0 license.
- Devstral is claimed to outperform other open models like Google’s Gemma 3 27B and DeepSeek’s V3 on the SWE-Bench Verified benchmark for coding skills.
- Devstral can be run on a single Nvidia RTX 4090 or a Mac with 32GB RAM, making it suitable for local deployment and on-device use.
- Mistral plans to release a larger agentic coding model soon and has raised over €1.1 billion in funding, with customers including BNP Paribas, AXA, and Mirakl.