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River AI Scoops Up $1.1B Financing Round

2026-08-21
PALO ALTO, CA, River AI, the full-stack AI company founded by xAI co-founder Igor Babuschkin, has announced $1.1 billion in funding.
The round was led by General Catalyst and AMP PBC with strategic investment from NVIDIA and AMD Ventures. Additional investors include Y Combinator and Temasek. The round will accelerate River AI's mission to build powerful personal AI and to give developers and companies the tools to train, tune, and serve their own AI models, putting ownership of AI directly in the hands of the people and organizations who use it.

River AI is a full-stack AI company founded by Igor Babuschkin to create personal, continually improving AI. Its platform allows any developer to train, tune, and serve custom models without a dedicated infrastructure team or expensive hardware. Through its API, River delivers state-of-the-art LoRA fine-tuning and reinforcement learning for frontier open weight models, with token-metered billing and instant deployment to production.
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