Reflection AI eyes a $2.5B raise
Reflection AI is reportedly exploring a $2.5 billion raise at a $25 billion valuation with NVIDIA as a key partner — a sign of the capital intensity behind AI data‑center scale players. These kinds of megadeals reshape competition and partner dynamics across the stack. ( )
JPMorgan is reported to be weighing participation in the round through its Security and Resiliency Initiative, a unit that vets investments tied to critical national infrastructure. (en.bd-pratidin.com)) Reflection completed a previous institutional raise on Oct. 9, 2025 that brought in $2.0 billion and set the company’s valuation at roughly $8.0 billion. (techcrunch.com)) Sources covering that October deal say NVIDIA put up roughly $800 million as part of the $2.0 billion financing, marking one of the largest strategic chipmaker investments in an AI startup that year. (marketscreener.com)) The company was co‑founded by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou, who are listed as Reflection’s CEO and CTO on corporate filings and investor materials. (reflection.ai)) Reflection emerged from stealth earlier in 2025 after raising $130 million and has since reported rapid valuation jumps from about $545 million to the multibillion dollar figure achieved in October. (reflection.ai)) Reflection’s public statements and blog posts say prior funding was earmarked to scale training infrastructure, expand global compute capacity, and accelerate research into autonomous coding agents and model safety. (reflection.ai)) Market coverage notes that a deal of the size under discussion would place Reflection among the largest funding rounds ever tied specifically to open‑source AI efforts. (techstartups.com))
