Reka Hits Unicorn Status With Backing From NVIDIA, Snowflake

Backed by Nvidia and Snowflake, Reka is scaling its next-gen foundation models with a focus on efficiency over size In just over a year, Reka has gone from a 20-person team to a billion-dollar valuation, tripling its worth with a new $110 million funding round backed by Nvidia and Snowflake. At a time when investor attention is tilting toward lean, fast-moving AI companies outside the orbit of Big Tech, Reka’s ascent has positioned it as one of the few independent challengers to entrenched players like OpenAI, Meta, and Anthropic. Founded in 2022 by former researchers from Google Brain and Meta’s AI labs, Reka was built on the premise that smaller, more efficient models, not necessarily the largest or most expensive, would define the next phase of AI. “Very few teams in the wor