Reka, a Sunnyvale, CA-based AI research and product company focused on advancing science and building generative AI models, emerged from stealth mode with $58 million in funding.

The funding round was led by DST Global Partners and Radical Ventures, with participation from Snowflake Ventures and angel investors, including former GitHub CEO Nat Friedman.

With the funding raised, Reka plans to acquire computing power from Nvidia and build its business team. As of now, the company has not generated revenue but is focused on further developing its products and services.

Reka aims to develop AI models that benefit humanity, organizations, and enterprises. The startup's first commercial product, Yasa, is a multimodal AI assistant capable of understanding images, videos, tabular data, as well as text.

Yasa can generate ideas, answer basic questions, and derive insights from a company's internal data.

“Our technology allows enterprises to benefit from progress in LLMs in a way that satisfies their deployment constraints without requiring a team of in-house expert AI engineers,” Reka CEO and co-founder Dani Yogatama said.

Company: Reka AI, Inc.

Raised: $58.0M

Round: Unknown 

Funding Month: June 2023

Lead Investors: DST Global Partners and Radical Ventures

Additional Investors: Snowflake Ventures and Nat Friedman

Company Website: https://reka.ai/

Software Category: Generative Model and AI Research 

About the Company: Reka is an AI research and product company with a mission to build amazing generative models and advance AI research. Their focus areas encompass universal intelligence, such as developing general-purpose multimodal and multilingual agents, self-improving AI systems, and improving model efficiency. In addition to their research efforts, Reka builds enterprise-grade AI assistants that are designed to cater to users across different languages and cultures.

Source: https://techcrunch.com/2023/06/27/reka-emerges-from-stealth-to-build-custom-ai-models-for-the-enterprise/