Reka AI Raises $110M, Valued at $1B with Nvidia, Snowflake Investments

Reka AI, a California-based startup founded in 2022 by former Google and Meta researchers, has raised $110 million in a funding round led by NVIDIA and Snowflake, boosting its valuation to over $1 billion. The company specializes in developing efficient multimodal large language models, including its flagship Reka Flash model that processes video, images, text, and audio, alongside other AI platforms that offer advanced question answering and visual search. Despite previous acquisition talks with Snowflake, both companies decided to remain independent while maintaining a strong partnership, with Snowflake planning to offer Reka’s AI models to its customers. Snowflake's VP of AI Engineering, Vivek Raghunathan, praised Reka for its rare research capabilities and competitiveness with top industry players like OpenAI, Meta, and Anthropic. The new funding will support scaling Reka's multimodal platform and expanding its enterprise adoption, while the company continues to grow its team and product offerings rapidly. This investment highlights the increasing attention and confidence from major tech firms in emerging AI startups focused on efficient and powerful foundational models.