River AI raises $1.1B two months after founding

River AI, the startup led by xAI co-founder Igor Babuschkin, raised $1.1B to sell an API that lets developers and enterprises fine-tune and serve their own open-weight models.

River AI, the startup led by xAI co-founder Igor Babuschkin, raised $1.1B to sell an API that lets developers and enterprises fine-tune and serve their own open-weight models. (TechCrunch; The Next Web; Tech Monitor)

General Catalyst and AMP PBC led, with Nvidia, AMD Ventures, Y Combinator and Temasek participating. The service supports LoRA fine-tuning and reinforcement learning and bills by tokens used. (TechCrunch; The Next Web; Tech Monitor)