Mistral AI And PSG Equity To Establish Strategic Partnership
Partnership will help accelerate AI adoption within PSG Equity’s global portfolio of 160 mid-market software companies
PSG Equity will also invest alongside new investors as part of the recently announced Series C round
Paris and London – 9 October 2025 – Mistral AI, a leading European developer of large language models (“LLMs”), and PSG Equity (“PSG”), a leading growth equity firm that specializes in partnering with software and technology-enabled services companies, today jointly announced a strategic partnership to help accelerate the creation and integration of verticalized LLMs and agentic AI tools within the product offering of PSG’s global portfolio of 160 leading mid-market software companies.
This marks a significant milestone in PSG’s mission to advance technological progress within its portfolio while providing Mistral AI with an opportunity to further strengthen its offering for mid-market customers across Europe and North America. By leveraging Mistral AI's leading AI solutions and PSG's extensive network and expertise, the partnership aims to drive meaningful AI transformation across numerous industries and software verticals.
"We are proud to partner with PSG. This collaboration will further strengthen our offering for mid-market software companies. Together, we aim to accelerate the adoption of AI technologies and foster innovation across various sectors and industries," said Marjorie Janiewicz, CRO of Mistral AI.
"Mistral AI represents exactly the kind of transformational technology platform we seek to partner with – a global AI leader with demonstrable competitive advantages and a sizeable market opportunity. This strategic partnership will not only help drive meaningful AI transformation across our portfolio but also underscores our desire to support leading software and technology companies at the forefront of the European, as well as global, AI revolution," said Dany Rammal, Managing Director and Head of Europe at PSG Equity.
About Mistral AI
Mistral AI is a pioneer company in generative AI, empowering the world with the tools to build and benefit from the most transformative technology of our time. The company democratizes AI through cutting-edge open-source models, products and solutions, as well as end-to-end infrastructure with Mistral Compute. Headquartered in France and independent, Mistral AI defends a decentralized and transparent approach to technology, with a strong global presence in the United States, United Kingdom, and Singapore.
About PSG Equity
PSG Equity is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. Having backed more than 160 companies and facilitated over 530 add-on acquisitions, PSG Equity brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG Equity operates out of offices in Boston, London, Paris, and Madrid. To learn more about PSG Equity, visit www.psgequity.com.