Nvidia-backed Reflection AI eyes $25 billion valuation, WSJ reports

Reflection AI is reportedly in talks to raise $2.5 billion at a $25 billion valuation, according to the Wall Street Journal; the startup is backed by Nvidia. If completed, the round would underscore strong investor appetite for AI infrastructure and support high private-market comps, but the report describes preliminary talks rather than a closed deal.

Analysis

Reflection AI is reportedly in talks to raise $2.5 billion at a $25 billion valuation, according to the Wall Street Journal; the startup is backed by Nvidia. If completed, the round would underscore strong investor appetite for AI infrastructure and support high private-market comps, but the report describes preliminary talks rather than a closed deal.