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

River AI, a startup established by xAI co-founder Igor Babuschkin, has secured $1.1 billion in a funding round led by General Catalyst. The two-month-old company intends to use the capital to develop personalized artificial intelligence agents and custom software tools. This substantial investment reflects significant venture capital interest in the early-stage AI market and follows the recent trend of large-scale financing for companies founded by prominent industry researchers.