Reflection AI, which is focused on developing superintelligence, is nearing a new funding round that could value the company at up to $5.5bn, according to a Financial Times (FT) report.

The Nvidia-backed start-up is seeking to raise approximately $1bn in the latest round, sources familiar with the matter told the publication.

They added that Nvidia’s venture capital branch is expected to invest at least $250m to this round. Other investors in the round may include Lightspeed Venture Partners, Sequoia, and Yuri Milner’s DST Global.

Nvidia and Sequoia refused to comment on the matter, while Reflection, DST, and Lightspeed did not reply to FT queries.

The funding is expected to set Reflection’s valuation between $4.5bn and $5.5bn, including the new capital. This represents a nearly tenfold increase from its $555m valuation, achieved after securing $130m in early-stage funding in March 2025.

Reflection AI develops applications to automate coding. It aims to develop superintelligence, targeting AI that exceeds human capabilities in cognitive tasks.

The start-up was founded by Misha Laskin and Ioannis Antonoglou, both of whom previously contributed to Google’s AI model Gemini.

In a blog posted earlier in 2025, Reflection said: “At Reflection, we are building superintelligent autonomous systems.

“We’ve assembled a world-class team that has driven major breakthroughs in large language models and reinforcement learning over the past decade, serving as research and technical leads on some of the most capable AI systems ever created.”

This potential funding round highlights a trend of rapidly increasing valuations among AI start-ups.

Recently, Anthropic saw its valuation soar to $170bn after raising $13bn, while French AI start-up Mistral reached a valuation of about €10bn. ChatGPT-maker OpenAI is also seeking to close a deal that would value it at $500bn.