Nvidia, Snowflake Invest $110M In Newly-Minted Unicorn Reka AI

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. 

Get updates to this developing story directly on Stocktwits.<

For updates and corrections, email newsroom[at]stocktwits[dot]com.<