Reflection AI raise talks
Reflection AI — reportedly backed by Nvidia — is negotiating a $2.5 billion financing at an indicative $25 billion valuation, a move that would re‑rate inference‑app startups in the wake of GTC investor interest. (x.com)
The initial fundraising talks were first reported by the Wall Street Journal in coverage reproduced by industry outlets. (techstartups.com) Sources say JPMorgan Chase has been approached to join the round through its Security and Resiliency Initiative, according to reporting that summarized the WSJ coverage. (money.usnews.com) Reflection closed a separate, Nvidia‑led financing in October 2025 that totaled about $2 billion, with Nvidia putting roughly $800 million into that round and the company then valued near $8 billion. (techcrunch.com) The startup was founded by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou in 2024; both founders’ DeepMind pedigrees have been highlighted in investor materials and partner outreach. (techcrunch.com) Public filings and PitchBook data show Reflection emerged from stealth in March 2025 after a $130 million seed/Series A that left the company with an approximate $545 million valuation. (theoutpost.ai) Nvidia’s March GTC conference, which pushed an investor narrative around inference efficiency and the Vera Rubin platform, provided the backdrop investors cited when valuing startups tied to Nvidia’s hardware ecosystem. (investor.nvidia.com) Reporting this month notes Reflection has not yet publicly released its rear‑end “frontier” model and remains in early commercial revenue stages while courting strategic customers and sovereign AI deals. (ainvest.com)
