Krux
March 31, 2026
Nvidia-Backed Reflection AI Eyes $25B Valuation in Talks
Published: March 31, 2026 at 12:30 AM
Updated: March 31, 2026 at 12:30 AM
100-word summary
Reflection AI is in talks to raise $2.5 billion at a $25 billion valuation, according to Reuters, though the company hasn't confirmed the deal. That's a triple from the $8 billion valuation it commanded just five months ago in October. JPMorgan Chase is considering joining via its Security and Resiliency Initiative, alongside existing backer Nvidia. The valuation jump reveals how much investors will pay to bet on companies tightly woven into Nvidia's orbit. In an AI market crowded with model labs, being the chipmaker's portfolio darling apparently triples your price tag in under half a year.
What happened
Reflection AI is in talks to raise $2.5 billion at a $25 billion valuation, according to Reuters, though the company hasn't confirmed the deal. That's a triple from the $8 billion valuation it commanded just five months ago in October. JPMorgan Chase is considering joining via its Security and Resiliency Initiative, alongside existing backer Nvidia. The valuation jump reveals how much investors will pay to bet on companies tightly woven into Nvidia's orbit.
Why it matters
In an AI market crowded with model labs, being the chipmaker's portfolio darling apparently triples your price tag in under half a year.