Reflection AI's recent valuation

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> goal: build AI tools/agents to automate software development

> founded by ex-DeepMind researchers (including AlphaGo co-author)

> single biggest non-frontier funding event of 2025 so far

> 14×+ multiple in ~7 months

> Oct round led by Nvidia - signals strategic compute partnership/preferential GPU access (similar to Inflection AI & CoreWeave) justifying valuation jump

> experimental release that keeps accuracy flat while slashing token costs

> done via sparse attention: model focuses on key tokens & skips rest to save compute

> out Sep 29th; almost same benchmark performance across coding, reasoning, math, search, etc.

> runs on NVIDIA + Chinese accelerators (Ascend, Cambricon, Hygon) — rare multi-hardware compatibility

> code + weights fully open-sourced on Hugging Face/GitHub, inviting replication

> V3.1 kept accessible temporarily but will be replaced by V3.2

CBInsights reports:

• record activity: 52 mega-rounds in Sept ($100M+) highest in two years; AI infra captured 78% of total funding

• $28.4B raised - driven by companies scaling LLMs & making them more efficient

• 7 AI-performance companies (e.g. Baseten, Rebellions, Invisible) got mega-rounds; >70% already revenue-positive

• capital shifting from pure model-scaling to inference optimization, specialized chips & fine-tuning

• 60% of sector-specific AI mega-rounds were Series A, most still pre-commercial but backed for strong teams + tech