Mistral OCR 3 launches at $2 per 1,000 pages with 74% win rate over previous version

Mistral AI released Mistral OCR 3 on December 17, 2024, a document extraction model priced at $2 per 1,000 pages, dropping to $1 per 1,000 pages with Batch API discount. The model is now available through API (identifier: mistral-ocr-2512) and via Document AI Playground in Mistral AI Studio.

Performance claims

According to Mistral AI, the model achieves a 74% overall win rate compared to Mistral OCR 2 across forms, scanned documents, complex tables, and handwriting. The company claims state-of-the-art accuracy compared to both enterprise document processing solutions and AI-native OCR solutions, though specific benchmark scores against named competitors were not disclosed.

Mistral evaluated the model using internal benchmarks based on customer use cases, comparing outputs to ground truth using fuzzy-match metrics for accuracy.

Technical capabilities

Mistral OCR 3 extracts text and embedded images from documents, outputting markdown enriched with HTML-based table reconstruction. The model handles:

• Handwriting: Cursive, mixed-content annotations, and handwritten text over printed forms
• Forms: Box detection, labels, handwritten entries, invoices, receipts, compliance forms
• Scanned documents: Compression artifacts, skew, distortion, low DPI, background noise
• Complex tables: Reconstructs structures with headers, merged cells, multi-row blocks, and column hierarchies using HTML table tags with colspan/rowspan

The model supports all languages and document form factors, representing what Mistral describes as a significant upgrade over OCR 2.

Pricing structure

• Standard API: $2 per 1,000 pages
• Batch API: $1 per 1,000 pages (50% discount)
• Annotations: $3 per 1,000 pages
• Self-hosting option available for organizations with data privacy requirements

The model is fully backward compatible with Mistral OCR 2.

What this means

At $2 per 1,000 pages standard pricing, Mistral OCR 3 undercuts typical enterprise document processing solutions that often charge per-page rates in the cents range. The 50% Batch API discount makes it particularly competitive for high-volume workflows. However, without public benchmark comparisons to models from Google, Amazon Textract, or other established OCR providers, customers will need to validate Mistral's performance claims in their own testing. The model's ability to handle multiple document types in a single solution could simplify document processing pipelines that currently require specialized tools for different formats.