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 Partners 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.
"The bigger opportunity is how we take some of these smaller, more customized models and be able to bring them to run inside Snowflake so that we can give customers the guarantee that if you're using this model, the privacy of your data is guaranteed," said Christian Kleinerman, senior vice president of product at Snowflake, which also announced aThe partnerships came as Snowflake competitor DatabricksReka will use the funding to acquire computing power from Nvidia, as well as...
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