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

River AI raises $1.1 billion in seed round led by General Catalyst

River AI, founded by xAI co-founder Igor Babuschkin just two months ago, has secured $1.1 billion in a seed/Series A funding round led by General Catalyst and AMP PBC, with participation from Nvidia and AMD. The startup aims to make customized AI models faster, cheaper, and more accessible to developers and companies.