River AI raises $1.1 billion for enterprise AI tools

Free daily briefing on global business news.

The startup, founded by xAI co-founder Igor Babuschkin, counts General Catalyst, Nvidia, and AMD Ventures among its investors

SOPA Images / Getty Images

River AI, a startup founded by xAI co-founder Igor Babuschkin, raised $1.1 billion on Tuesday, with the funds earmarked for expanding the company's suite of products designed to let enterprises train AI models on their own proprietary data.

General Catalyst and AMP PBC co-led the funding, which also drew strategic participation from Nvidia $NVDA and AMD $AMD Ventures, along with Y Combinator and Temasek. The company did not reveal a valuation figure.

River AI raises $1.1 billion for enterprise AI tools

Other newsrooms on this story

Related reading

River AI raises $1.1 billion to build personalized AI stack

River AI Raises $1.1B Led by General Catalyst and AMP PBC to Build Open AI Stack

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

Igor Babuschkin's River AI raises $1.1B to build personal agents

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

General Catalyst leads $1.1B round into 2-month-old River AI | TechCrunch