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‘River’, a privacy-preserving news recommender system app, raises $10 million [Kyle Wiggers @ VentureBeat]
October 16, 2020
River today launched its eponymous social media app, which is designed to organize conversations into streams of shareable stories. The startup also announced a $10.4 million round it will use to expand its workforce and further product R&D.
After founding Wander, the social diary app Yahoo acquired in 2014, [Jeremy] Fisher cofounded River in 2018 with a team of engineers and designers previously employed by tech giants like Google, Twitter, Microsoft, Instagram, and Spotify. River aims to aggregate events happening around the world and on the web using AI and machine learning. But it seeks to distinguish itself from other platforms by preserving anonymity and encouraging interactions with “credible sources.”