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XAI co-founder's startup River AI raises $1.1 billion to expand custom AI tools

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Startup River AI, founded by xAI co-founder Igor Babuschkin, said on ‌Tuesday it has raised $1.1 billion, looking to ‌expand tools that help clients build personalized AI models on ​their own data. The fundraise was led by General Catalyst and AMP PBC, with strategic investment from Nvidia and AMD Ventures. Additional investors included Y Combinator ‌and Temasek.

AI Stock Newsabout 21 hours ago
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XAI co-founder's startup River AI raises $1.1 billion to expand custom AI tools | Steek AI Signal | Steek