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River AI raised $1.1bn to let companies train and keep their own models

River AI has raised $1.1bn, roughly four months after the company was incorporated. General Catalyst and AMP PBC led the round, with strategic investment from NVIDIA and AMD Ventures, and further money from Y Combinator and Temasek. The Palo Alto company was founded by Igor Babuschkin, a co-founder of xAI. The pitch is that companies [] This story continues at The Next Web

11 Aug 2026 8:47 pm