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River AI Raises $1.1 Billion to Push Enterprise-Owned Models

River AI Raises $1.1 Billion to Push Enterprise-Owned Models

Key Takeaways: River AI has raised $1.1 billion around a clear bet: enterprises will increasingly favor privately owned, open-weight models tailored to their operations instead of relying exclusively on general-purpose APIs from major AI labs. General Catalyst and AMP PBC led the round, with participation from NVI