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River AI raises $1.1B led by General Catalyst and AMP PBC to accelerate the development of its open AI stack.

PRIVATEAug 11, 2026•about 2 hours ago

Amount Raised

$1.1 Billion

Round Type

Venture - Series Unknown

Palo AltoSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingImage RecognitionComputer Vision

Investors

TemasekY CombinatorAmd VenturesNvidiaAmp PbcGeneral Catalyst

Description

River AI has successfully secured $1.1 billion in funding, led by General Catalyst and AMP PBC. This investment will support River AI's mission to build powerful personal AI tools for developers and companies. Strategic investments also came from NVIDIA and AMD Ventures, alongside contributions from Y Combinator and Temasek. The capital raised will enhance the company's capabilities in AI model training and deployment.

Company Information

Company

River AI

Location

Palo Alto, California, United States

About

River AI is a full-stack AI company founded by xAI co-founder Igor Babuschkin. The company focuses on building powerful personal AI and providing tools for developers and companies to train, tune, and serve their own AI models. River AI aims to give ownership of AI directly to users.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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