Reka, an AI model startup founded by former researchers from Alphabet's DeepMind, has raised US$50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake, the companies told Reuters. The valuation of the deal was not disclosed. A source familiar with the matter
Reka, an AI model startup founded by former researchers from Alphabet's DeepMind, has raised US$50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake, the companies told Reuters.
Reka focuses on building large and specialised AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a US$1.3 billion deal on Monday.
Reka will use the funding to acquire computing power from Nvidia, as well as build a business team, according to chief executive Dani Yogatama.
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