Nvidia-backed Reflection AI is raising around $1 billion in a financing that will value the startup at up to $5.5 billion, the Financial Times reported on Tuesday, citing people familiar with the matter. The round could value Reflection between $4.5 billion and $5.5 billion, including the new investment, FT added. The announcement could potentially mark a nearly 10-fold valuation jump merely six months after the company's previous external fundraising, where it was valued at $545 million,