AMD Ventures
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Search complete. 3 mentions across 3 episodes found for "AMD Ventures".
Aug 31, 2026
SamHOST
Last one in this lens, and I actually think it's the most interesting bet of the month.
AlexHOST
River AI, founded by a former XAI co-founder, Igor Babushkin, announced on August 11th that it raised $1.1 billion, led by General Catalyst and AMP PBC, with NVIDIA, AMD Ventures, Y Combinator, and Temsic all participating.
AlexHOST
Reported valuation? Around $5 billion.
SamHOST
What does River actually sell?
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The company announced the round on Tuesday, saying the new capital comes partly from a number of prominent entertainment industry organizations, including Universal Music Group, Sony Music Group, and Warner Music Group, and gaming giant Electronic Arts.
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Two investment firms, AMD Ventures and Pacific Alliance Ventures, also took part.
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It is an unusual roster, and less a typical venture round than a lineup of the company's stability now depends on for content licensing and distribution deals.
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Stability AI CEO Prem Agaraju, who joined the company in 2024, called the funding an affirmation of our vision where generative AI empowers every producer, musician, and storyteller.
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Stability AI has raised seventy-six million dollars in a Series B, and the investor list is the story.
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Sony Music Group and Warner Music Group both took part, alongside Universal Music Group, Electronic Arts, and AMD Ventures.
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Three years ago, the major labels were suing generative AI companies over training data.
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Now three of them are on the cap table of one.