DEAL_OVERVIEW

Deal Terms

Date
2026-05-19
Amount
$360M
Est. Multiple
N/A
Key Talent
35 engineers
Integration Time
N/A
Categories
Physics AIIndustrial AI

Deal Multiples

No detailed multiples available

Strategic Rationale

Mistral valued the Austrian physics-AI startup at up to €330M (~$360M) ~18 months after its founding — Europe's boldest AI deal to date. Emmi builds "Large Engineering Models" simulating physical processes (CFD, material stress) for industrial customers; the stock component could approach €1B against Mistral's next round. Anchors Mistral's industrial-AI strategy across European manufacturing.

POST_ACQUISITION_TIMELINE
No post-acquisition events tracked
KEY_PEOPLE3 TRANSITIONS
MM
Miks Mikelsons
Emmi AI Co-founderMistral AI Industrial AI, Mistral AI
DJ
Dennis Just
Emmi AI Co-founder & CEOMistral AI Industrial AI, Mistral AI
JB
Johannes Brandstetter
Emmi AI Co-founder (NXAI/JKU Linz)Mistral AI Physics AI lead, Mistral AI