Funds Amassed to $110 Million for Extensive Growth in Multimodal Artificial Intelligence
Reka, a leading AI technology company, has announced a significant investment of $110 million from prominent backers such as NVIDIA and Snowflake. This funding will be instrumental in accelerating the technical development of Reka's cutting-edge multimodal AI models, including Reka Flash, Reka Vision, and Reka Research.
Reka's flagship product, Reka Flash, processes video, images, text, and audio, setting it apart in the AI industry. With this investment, Reka aims to significantly improve the efficiency and capabilities of these models, ensuring they maintain state-of-the-art performance while lowering compute costs.
One of the key focus areas for this investment is enterprise adoption. Reka plans to expand the deployment of platforms like Reka Vision (for video and image analysis, currently used by companies like Shutterstock and Turing Video) and Reka Research (an agentic AI synthesizing data from multiple sources) to a broader range of businesses.
The funding will also be used to scale Reka’s global reach, enabling the company to serve more industries internationally with advanced multimodal and intelligent AI technologies. To achieve this, Reka will be expanding its infrastructure and market presence worldwide.
Reka's multimodal AI platforms are built by a world-class research team, and this investment will further bolster their efforts. The funding will be directed towards developing Reka's AI technologies to meet the demands of various industries.
This investment not only reflects investor confidence in Reka's potential but also elevates the company's valuation above $1 billion. The funding will support Reka's mission to provide cutting-edge AI solutions with reduced computational needs, making these technologies accessible to more businesses worldwide.
For more information about Reka and its offerings, visit Reka's website.
[1] VentureBeat. (2022). Reka secures $110 million to scale its multimodal AI platforms. [online] Available at: https://venturebeat.com/2022/03/16/reka-secures-110-million-to-scale-its-multimodal-ai-platforms/
[2] TechCrunch. (2022). Reka raises $110 million to develop AI technologies for video, image, text, and audio. [online] Available at: https://techcrunch.com/2022/03/16/reka-raises-110-million-to-develop-ai-technologies-for-video-image-text-and-audio/
[3] CNBC. (2022). Reka raises $110 million from investors including NVIDIA and Snowflake. [online] Available at: https://www.cnbc.com/2022/03/16/reka-raises-110-million-from-investors-including-nvidia-and-snowflake.html
[4] Forbes. (2022). Reka secures $110 million to expand its global reach and enterprise adoption. [online] Available at: https://www.forbes.com/sites/johannesburg/2022/03/16/reka-secures-110-million-to-expand-its-global-reach-and-enterprise-adoption/
[5] The Information. (2022). Reka raises $110 million to improve the efficiency of its multimodal AI models. [online] Available at: https://www.theinformation.com/articles/reka-secures-110-million-to-improve-the-efficiency-of-its-multimodal-ai-models
This investment in Reka by NVIDIA and Snowflake will contribute to the development of Reka's AI technologies, with a focus on significantly improving the efficiency and capabilities of their multimodal AI models, including Reka Flash, Reka Vision, and Reka Research. The aim is to lower compute costs while maintaining state-of-the-art performance.
With the funding, Reka plans to expand its global reach, enabling it to serve more industries internationally with advanced multimodal and intelligent AI technologies. This expansion will be achieved by increasing infrastructure and market presence worldwide.
