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| Round (date, lead) | Amount Raised | Post-Money Valuation | Notable Investors |
|---|---|---|---|
| Seed / Series A (2023-06, DST Global + Radical) | $58M | ~$300M | DST Global, Radical Ventures, Snowflake Ventures, Nat Friedman (angel) |
| Snowflake acquisition talks (2024-05, did not close) | >$1B offer (acquisition, not a raise) | n/a (talks collapsed within weeks) | Snowflake (sole would-be acquirer; deal fizzled per Bloomberg) |
| Series B (2025-07, NVIDIA + Snowflake) | $110M | $1B+ | NVIDIA, Snowflake Ventures, DST Global |
| Cumulative to date | ~$168M total raised across 2 priced rounds | $1B+ (current) | Capital-light vs peers; valuation roughly tripled 2023 to 2025 |
| Date | Model / Release | Capability and strategic significance |
|---|---|---|
| 2023 | Reka Edge + Reka Flash | First releases: small (on-device) and medium multimodal models with text, image, and video understanding |
| Apr 2024 | Reka Core | Closed frontier multimodal model (text, image, video, audio); benchmarked against GPT-4V, Claude 3 Opus, Gemini Ultra |
| Apr 2024 | Vibe-Eval | Open evaluation suite for hard multimodal tasks; positions Reka as a benchmark author, not just a model vendor |
| Nov 2024 | Co-founder Yi Tay departs | Chief Scientist Yi Tay (ex-Google Brain, PaLM/UL2) leaves to return to Google DeepMind; key research-density event |
| Mar 2025 | Reka Flash 3 (open-source, 21B) | General-purpose reasoning model trained from scratch; 'budget forcing' step control; performance near o1-mini; beats Gemma 3 27B |
| Jul 2025 | Reka Flash 3.1 + Reka Quant | +10 points on LiveCodeBench v5 vs Flash 3; open-source quantization library runs Flash 3.1 in ~9.25GB at 3.5-bit |
| May 2026 | Moonvalley acquisition | All-share deal adds licensed-data video generation; pivot toward world models and robotics |
| Benchmark | Reka Core | Closest cited frontier rival (Apr 2024) |
|---|---|---|
| MMLU (knowledge, language) | 83.2 | GPT-4 ~86; Core in frontier band |
| GSM8K (math reasoning) | 92.2 | Competitive with GPT-4 and Claude 3 Opus |
| HumanEval (code) | 76.8 | Near GPT-4-class coding performance |
| MMMU (multimodal image QA) | 56.3 | GPT-4 56.8 (Core sits just behind) |
| Perception-Test (video QA) | 59.3 | Gemini Ultra 54.3 (Core ahead) |
| Multimodal chat (blind human eval) | 2nd overall | Behind GPT-4V only; ahead of Claude 3 Opus |
| Input modalities | Text + image + video + audio | GPT-4 (text + image only at the time) |
| Partner / Counterparty | Relationship | Strategic detail |
|---|---|---|
| NVIDIA | Co-lead investor (Series B, Jul 2025) | Validates Reka inference optimized on NVIDIA GPUs; signals enterprise-AI distribution |
| Snowflake | Seed + Series B co-lead; former suitor | Tried to acquire Reka for >$1B (May 2024, collapsed); now plans to resell Reka models via Snowflake Marketplace |
| DST Global | Lead seed investor | Yuri Milner growth fund; led the 2023 seed and joined the 2025 Series B |
| Singapore EDBI (RUMORED) | Alleged seed investor | RUMORED: Singapore EDBI is cited in several secondary sources as an investor but does not appear in the Cooley Series A press release (29 Jun 2023), TechCrunch, or Bloomberg coverage. Treat as unverified until confirmed by a primary Reka announcement. |
| Indonesian government / Reka Yasa | Multilingual product footprint | Yasa-1 (Reka's multimodal assistant, Oct 2023) supports 20 languages including Indonesian. A specifically government-commissioned Indonesian-language model is not confirmed by primary sources; the sovereign-customer framing is unverified. |
| Moonvalley AI | Acquisition (all-share, May 2026) | Founders ex-Google DeepMind (Veo 2 lineage); licensed-data video generation; pivot to world models and robotics |
Jun 2023 (seed)-Jul 2025 (Series B)

$PRIVATE
Largest AI lab by revenue. Approximately $13B annualized run-rate revenue (mid-2025) from a mix of ChatGPT consumer subscriptions, ChatGPT Enterprise / Team, the OpenAI API, and Microsoft Azure OpenAI revenue share. ChatGPT reaches roughly 800M weekly active users (late 2025). Builder of the GPT family (GPT-4o, GPT-4.5, GPT-5, o-series reasoning models) and Sora video. Microsoft is the dominant compute and distribution partner; SoftBank led the $40B March 2025 primary round at $300B.