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Nvidia-supported Reflection AI seeks a $25 billion valuation, reports The Wall Street Journal.
Investing.com - According to The Wall Street Journal on Wednesday, citing sources, Nvidia (NASDAQ: NVDA)-backed startup Reflection AI is seeking a valuation of approximately $25 billion in a new funding round.
The report states that Reflection AI is in talks to raise about $2.5 billion, which would more than double its previous valuation of around $8 billion.
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The startup is one of a group working closely with Nvidia to develop “open-source” AI models that can be freely used and adapted by businesses, governments, and research institutions.
The Wall Street Journal reports that this effort aims to counter increasingly advanced AI products from China, with Reflection positioned as a key player in building a U.S.-led open AI ecosystem.
According to the report, JPMorgan is discussing participating in this round through its security-focused investment program, and existing investor Disruptive is also expected to join.
The report adds that Reflection was founded in 2024, has already raised over $2 billion, and is seeking partners to develop localized AI systems, including projects focused on building sovereign AI infrastructure for U.S. allies.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.