An artificial intelligence startup backed by Nvidia is pursuing a massive funding round that could establish its worth at $25 billion, according to a Wednesday report from the Wall Street Journal.
Reflection AI is currently in discussions to secure $2.5 billion in new investment capital, with sources close to the negotiations providing details to the financial publication.
Several key aspects of the potential deal have emerged:
JPMorgan Chase may join the investment round as part of its Security and Resiliency Initiative, the newspaper reported. The $25 billion figure represents what the company would be worth before receiving the new $2.5 billion investment, according to Wall Street Journal sources.
Reuters was unable to independently confirm these details, and Reflection AI has not responded to requests for comment about the reported fundraising efforts.
This potential valuation represents growth from previous targets, as the company had reportedly been aiming for a worth exceeding $20 billion according to earlier Financial Times coverage this month.
