Funds to the tune of $110 million secured for the growth of multimodal Artificial Intelligence (AI) technology
Reka, a leading AI technology company, has announced that it has secured $110 million in funding from investors including NVIDIA and Snowflake. This investment will primarily be used to scale Reka's multimodal AI platform for wider enterprise adoption, accelerate core technical development, and expand its global reach.
The funding will boost Reka's technical development by refining and building more efficient, customizable large language models. Particularly, Reka plans to focus on multimodal models capable of understanding video, image, text, and audio, such as their flagship Reka Flash model.
Reka's multimodal AI platforms are built by a world-class research team, and the investment will help accelerate their development and adoption. The company aims to expand platform capabilities by broadening offerings like Reka Vision and Reka Research, which provide advanced visual intelligence and AI research tools tailored for real-world applications.
Reka Vision is a platform that analyses video and image content at scale, and it is already being used by companies like Shutterstock and Turing Video. The investment will not affect the use of Reka's platforms by these companies. Reka Research, on the other hand, is an agentic AI that synthesises information from web and private documents to answer complex questions rapidly, but further details about it are not provided in this announcement.
The funding will also support global enterprise-scale deployment, targeting industries such as financial services and healthcare. Reka aims to make AI practical and accessible for large-scale, diverse enterprise use. Furthermore, the investment will accelerate company growth, as seen by recent staff expansions, and further integration plans with partners like Nvidia and Snowflake, which intend to incorporate Reka's models into their ecosystems.
In summary, the $110 million is earmarked for advancing Reka’s AI technology, expanding its product suite and applications, and scaling globally to meet enterprise demands. With this investment, Reka is poised to take a significant step forward in the AI industry and make a positive impact on various industries around the world.
Artificial Intelligence (AI) technology at Reka will be refined and expanded with more efficient, customizable large language models, thanks to the secured funding. The investment will also aid in the development of multimodal models capable of processing video, image, text, and audio, such as their flagship Reka Flash model.
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