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June 9, 2026

Exclusive: Internal docs reveal Mistral valued M&A target Emmi at up to €330m

An independent audit of the operation shows Mistral acquired the Austrian startup in a cash and share deal worth up to €330m

Mistral valued industrial AI company Emmi at up to €330m when it acquired the business last month, according to previously undisclosed documents seen by Sifted. 

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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