Nvidia, Snowflake Invest $110M In Newly-Minted Unicorn Reka AI
Synopsis
Following the latest fundraising round, Reka AI’s valuation has more than tripled to over $1 billion, according to a Bloomberg report.
Nvidia Corp. (NVDA) and Snowflake Inc. (SNOW) have teamed up to lead a new funding round in three-year-old artificial intelligence startup Reka AI, making it one of the latest unicorns in the industry.
Post the latest fundraising round, Reka AI’s valuation has more than tripled to over $1 billion, according to a Bloomberg report.
Reka AI develops large language models and promises to do so more efficiently than its competitors in the space.
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