River AI, a full-stack AI company founded by Igor Babuschkin, a co-founder of xAI, has closed a $1.1 billion funding round, the company announced on Aug. 11 via Business Wire. General Catalyst and AMP PBC led the round, with Nvidia and AMD Ventures joining as strategic investors and Y Combinator and Temasek also among the participants. River AI said the money will go toward building an open AI technology stack, plus tools that let developers and enterprises train, fine-tune and deploy their own AI models. On the product side, the company says its API can handle complex reinforcement learning training in 15 to 20 minutes without a dedicated infrastructure team. It also claims the cost is two to four times lower than closed-source alternatives, a pitch aimed at teams that want to run their own model training without heavy infrastructure overhead.
River AI, a full-stack AI company founded by Igor Babuschkin, a co-founder of xAI, has closed a $1.1 billion funding round, announced on Aug. 11 via Business Wire.
General Catalyst and AMP PBC led the round. Nvidia and AMD Ventures joined as strategic investors, while Y Combinator and Temasek also participated.
River AI said the proceeds will go toward building an open AI technology stack, along with tools that let developers and enterprises train, fine-tune and deploy their own AI models.
The company says its API can complete complex reinforcement learning training in 15 to 20 minutes without a dedicated infrastructure team, at a cost two to four times lower than closed-source alternatives.
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