mistral.ai vs Velma API by Modulate: Trust Facts Side by Side
Developer & API Tools
At a glance: verified facts
| Fact | mistral.ai | Velma API by Modulate |
|---|---|---|
| Domain registered | 2019-05-15 | 2017-12-15 |
| Official iOS app | ✓ Vibe by Mistral (ex-Le Chat) | — |
| Policy changes we track | 6 detected (3 major) | 7 detected (4 major) |
| Last data check | 2026-11-01 | 2026-11-01 |
From public records (company registry, RDAP, App Store metadata) and our policy snapshots — a "—" means we have no verified data for that field yet.
What we checked
Both are developer & api tools tools we track. We have sourced facts for mistral.ai on 4 of 5 areas and for Velma API by Modulate on 3 of 5. The tables on this page set them side by side; we don't pick a winner. An area without sourced facts is not yet checked, and is left blank rather than guessed.
Quick verdicts
mistral.ai: mistral.ai was checked on 4 of 5 trust dimensions using public records. Evidence found for: company & identity, data & privacy, billing & subscription, community reputation. Not yet assessed: product reality.
Velma API by Modulate: Velma API by Modulate was checked on 3 of 5 trust dimensions using public records. Evidence found for: company & identity, data & privacy, billing & subscription. Not yet assessed: product reality, community reputation.
What their privacy policies say about AI training
mistral.ai (policy captured 2026-10-07):
When you subscribe to a paid Mistral AI Product
“Input”, any data provided by you or accessed by Mistral AI through integrations or services you have connected to generate an Output, such as prompts, content or fine-tuning data.
“Feedback”, any information you provide when you rate an Output, such as “thumbs up” or “thumbs down", and the associated Input and Output.
Velma API by Modulate (policy captured 2026-10-16):
Certain operations, including troubleshooting, completing transactions, securing the Services, and improving our Services, may require us to process personal data as described in this Policy.
Quoted verbatim from each vendor's own privacy policy — full context and more excerpts on each tool's report page.
Frequently asked questions
Is mistral.ai legit?
mistral.ai has a profile on this site. We have sourced facts on 4 of 5 areas so far, each linked to its source on the full report. Anything not yet checked is marked as pending.
Is Velma API by Modulate legit?
Velma API by Modulate has a profile on this site. We have sourced facts on 3 of 5 areas so far, each linked to its source on the full report. Anything not yet checked is marked as pending.
How this comparison works
Both tools are checked on the same five areas — company identity, data privacy, billing, product reality and reputation — using documented evidence only; an area with no evidence stays unchecked instead of guessed. Read the full reports: mistral.ai trust report · Velma API by Modulate trust report, or run any other tool through the trust check.