Corey Hahn

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Last updated: 2026-08-12 11:53:13

General Catalyst Leads $1.1B Round Into 2-Month-Old River AI

River AI, founded by xAI co-founder Igor Babuschkin, raised $1.1 billion in a seed/Series A round led by General Catalyst and AMP PBC with participation from Nvidia, AMD, YC, and Temasek to build trainable personal AI agents.

TechCrunch August 11, 2026

Joby Aviation Builds Out Defense Business With $500M Acquisition

Joby Aviation agreed to acquire Resonant Sciences for $500 million to expand its defense capabilities with RF and sensor technology, creating a dedicated division while keeping its core eVTOL business focused on certification.

TechCrunch August 11, 2026

xAI Co-Founder's Startup River AI Raises $1.1 Billion

Just months after launch, River AI secured major funding to expand development of custom AI tools and personal agents, highlighting continued investor enthusiasm for AI infrastructure and applications.

Reuters August 11, 2026

Accel Closes Oversubscribed $550M India Fund

Venture firm Accel rapidly closed its latest India-focused fund, reflecting strong investor interest in emerging market tech and startup opportunities amid the AI boom.

TechCrunch August 11, 2026