Reflection AI, a year-old start-up backed by Nvidia and Sequoia Capital, is on the verge of a funding round that will value the company at up to $5.5bn, 10 times the valuation it achieved six months ago.
Reflection, which is building artificial intelligence tools focused on coding, would raise about $1bn, according to four people with direct knowledge of the financing.
Nvidia’s venture capital arm would invest at least $250mn, two of the people said. It will be joined by Lightspeed Venture Partners, Sequoia and Yuri Milner’s DST Global.
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