Reflection, backed by Nvidia, is in talks to raise $2.5 billion at a $25 billion valuation to expand development of open-source AI models. The startup aims to build an ecosystem supporting sovereign AI systems and compete with Chinese offerings. JPMorgan Chase may join the round, alongside existing investors. Reflection, founded in 2024 by Misha Laskin, has raised over $2 billion and is part of Nvidia’s Nemotron Coalition to advance open AI models.

2026-03-26

Reflection, backed by Nvidia, is in talks to raise $2.5 billion at a $25 billion valuation to expand development of open-source AI models. The startup aims to build an ecosystem supporting sovereign AI systems and compete with Chinese offerings. JPMorgan Chase may join the round, alongside existing investors. Reflection, founded in 2024 by Misha Laskin, has raised over $2 billion and is part of Nvidia’s Nemotron Coalition to advance open AI models.

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