product · May 20, 2026
River AI in Advanced Talks for $1 Billion Raise Led by General Catalyst
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Former xAI cofounder Igor Babuschkin advanced talks to launch River AI and raise $1 billion as of May 17, 2026. General Catalyst reportedly leads the round with potential valuation up to $5 billion. Babuschkin may contribute up to $100 million personally. River AI targets AI research before product launch or revenue.
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