Ai Model Startup Reka Raises $50 Million In Funding Led By Dst Global
06/27/23, 4:59 PM
Location
sunnyvale
Money raised
$50 million
Industry
information technology
Reka, an AI model startup founded by former researchers from Alphabet's DeepMind, has raised $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 said it valued Reka, which launched last year and has no revenue yet, at about $300 million.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardUnmuteCurrent Time 0:00/Duration 51:58Loaded: 0.98%00:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -51:58 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedPicture-in-PictureFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Advertisement Reka focuses on building large and specialized AI models for enterprise customers