Europe’s leading AI firm has acquired an Austrian AI startup, in an effort to build out its offering for aerospace, automotive and industrial businesses across Europe.
France’s Mistral has acquired Emmi AI, marking its second acquisition, for an undisclosed sum.
Emmi AI, founded in 2024 and which last year raised Austria's largest-ever seed round, builds AI models that help industrial companies speed up engineering workflows and product design cycles.
Emmi AI is part of a new wave of "applied AI" companies using AI to solve long-standing engineering challenges, such as computational fluid dynamics, thermal analysis, and material stress testing - critical tasks across industries like aerospace, automotive, energy, and semiconductors.
The move comes as Mistral, which is seen as a European competitor to the bigger US LLM firms like OpenAI and Anthropic, looks to position itself as the AI partner for industrial enterprises across Europe.
