Reflection AI Eyes $2.5B Raise at $25B Valuation
Open-source AI startup Reflection AI is hunting for a massive $2.5B funding round with JPMorgan circling the deal.
Reflection AI wants $2.5 billion. The startup building open foundation models is targeting a pre-money valuation of $25 billion, according to the Wall Street Journal.
JPMorgan is reportedly in talks to participate in the round, signaling serious Wall Street appetite for open-source AI plays.
Reflection is part of a growing cluster of startups working alongside Nvidia to develop powerful, freely available open-source AI models. The bet: that open foundation models can compete with — or complement — the closed systems dominated by the likes of OpenAI and Google.
A $25 billion valuation would place Reflection firmly in the upper tier of AI startups globally. The involvement of a major bank like JPMorgan also underscores how traditional finance is muscling deeper into AI infrastructure bets, not just riding the hype from the sidelines.