Companies330 Funding$40.1B Rounds110 ▲5 mo Investors77 Eng roles3942 ● data fresh
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Rio

fresh

Rio

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The Rio was an investment that ended up being a bad one due to the loss of a loyalty program. observed

fresh · evidence 6d ago 8 sources no confidence data
—/100
Developer momentum
Why this score? ↓
Funding
no round
Adoption
no signal
downloads / week
Developer
not scored
momentum / 100
Hiring
no board
eng openings

Traction

No traction data yet. This category is part of the record and will populate as evidence is collected or the founder provides it.

Current round

No fundraising data yet. This category is part of the record and will populate as evidence is collected or the founder provides it.

Opportunity & risk

No standout signal or flag yet.

6 independent sources 0 promoted signals inspect the evidence →

Evaluation

How it's evaluated Four independent layers ▾

No single number decides. Layers can disagree — that's the point. New to this? →

Platform score derived
—
Founder self-assessment claimed
8/100
Investor ratings opinion
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Expert ratings opinion
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Technology No signals collected yet ▾
No technology data yet. This category is part of the record and will populate as evidence is collected or the founder provides it.
Team & hiring No signals collected yet ▾
No team & hiring data yet. This category is part of the record and will populate as evidence is collected or the founder provides it.
Market & funding stage No signals collected yet ▾
No market & funding stage data yet. This category is part of the record and will populate as evidence is collected or the founder provides it.

Evidence & scoring

Why this score? Score breakdown ▾
No score breakdown data yet. This category is part of the record and will populate as evidence is collected or the founder provides it.

Capital timeline every dated signal, across tiers

  1. rumor Rio de Janeiro's "homegrown" LLM appears to be a merge of an existing model ↗
  2. SEC · primary SEC D/A filed ↗
  3. SEC · primary SEC D/A filed ↗
  4. SEC · primary SEC D/A filed ↗
  5. SEC · primary SEC D/A filed ↗
  6. SEC · primary SEC D/A filed ↗
  7. SEC · primary SEC D/A filed ↗
  8. SEC · primary SEC D/A filed ↗
  9. SEC · primary SEC D/A filed ↗
  10. SEC · primary SEC D/A filed ↗
  11. SEC · primary SEC D/A filed ↗
  12. SEC · primary SEC D/A filed ↗
  13. SEC · primary SEC D/A filed ↗
  14. SEC · primary SEC D/A filed ↗
  15. SEC · primary SEC D/A filed ↗
  16. SEC · primary SEC D/A filed ↗
  17. SEC · primary SEC D/A filed ↗
  18. SEC · primary SEC D/A filed ↗
  19. SEC · primary SEC D filed ↗

Narrative vs. reality No SEC filing found for this round

Reported narrative · Tier 2
$300M
announced —
Filed reality · Tier 0 · SEC
18 Form D
latest filed 2025-03-14 · none near the reported round

An evidence gap, not proof of falsity: Form D is not always required (foreign offerings, certain exemptions) or may not be filed yet.

Regulatory filings SEC EDGAR · primary source

Form D filings — the company's own authoritative record of a Reg D private raise, filed with the SEC. Primary-source evidence: not commentary, not inference. 18 filings, latest 2025-03-14.

Community chatter Hacker News · Tier 3 · unverified manip. risk elevated · 0.28

Gray-market attention, not quality. 50+ HN mentions (peak 738 points). Claim-shaped headlines are rumors until corroborated — a Tier-3 factual claim carries no evidentiary weight on its own. Risk drivers: heavy gray-market attention · some SEC filings on record. ▲ 738 Matrix and Riot Confirmed as the Basis for France’s Secure Instant Messenger App 2018-04-26 ↗

Raw observations 25 records ▾
AttributeValueKindSourceObservedStateConf.
common_name Rio observed artifact ↗ 2026-07-18 normalized 0.60
community.hn.max_points 738 observed artifact ↗ 2026-07-18 normalized 0.20
community.hn.mentions 50 observed artifact ↗ 2026-07-18 normalized 0.20
community.hn.rumors [{"url": "https://news.ycombinator.com/item?id=48528371", "title": "Rio de Janeiro's \"homegrown\" LLM appears to be a merge of an existing model", "points": 403, "created_at": "2026-06-14", "evidence observed artifact ↗ 2026-07-18 superseded 0.20
community.hn.rumors [{"url": "https://news.ycombinator.com/item?id=48528371", "title": "Rio de Janeiro's \"homegrown\" LLM appears to be a merge of an existing model", "points": 403, "created_at": "2026-06-14", "evidence observed artifact ↗ 2026-08-16 superseded 0.20
community.hn.rumors [{"url": "https://news.ycombinator.com/item?id=48528371", "title": "Rio de Janeiro's \"homegrown\" LLM appears to be a merge of an existing model", "points": 403, "created_at": "2026-06-14", "evidence observed artifact ↗ 2026-06-14 superseded 0.20
community.hn.rumors [{"url": "https://news.ycombinator.com/item?id=48528371", "title": "Rio de Janeiro's \"homegrown\" LLM appears to be a merge of an existing model", "points": 403, "created_at": "2026-06-14", "evidence observed artifact ↗ 2026-06-14 superseded 0.20
community.hn.rumors [{"url": "https://news.ycombinator.com/item?id=48528371", "title": "Rio de Janeiro's \"homegrown\" LLM appears to be a merge of an existing model", "points": 403, "created_at": "2026-06-14", "evidence observed artifact ↗ 2026-06-14 normalized 0.20
community.hn.top_story {"url": "https://news.ycombinator.com/item?id=16933736", "title": "Matrix and Riot Confirmed as the Basis for France’s Secure Instant Messenger App", "points": 738, "created_at": "2018-04-26"} observed artifact ↗ 2026-07-18 superseded 0.20
community.hn.top_story {"url": "https://news.ycombinator.com/item?id=16933736", "title": "Matrix and Riot Confirmed as the Basis for France’s Secure Instant Messenger App", "points": 738, "created_at": "2018-04-26"} observed artifact ↗ 2026-08-16 superseded 0.20
community.hn.top_story {"url": "https://news.ycombinator.com/item?id=16933736", "title": "Matrix and Riot Confirmed as the Basis for France’s Secure Instant Messenger App", "points": 738, "created_at": "2018-04-26"} observed artifact ↗ 2018-04-26 superseded 0.20
community.hn.top_story {"url": "https://news.ycombinator.com/item?id=16933736", "title": "Matrix and Riot Confirmed as the Basis for France’s Secure Instant Messenger App", "points": 738, "created_at": "2018-04-26"} observed artifact ↗ 2018-04-26 superseded 0.20
community.hn.top_story {"url": "https://news.ycombinator.com/item?id=16933736", "title": "Matrix and Riot Confirmed as the Basis for France’s Secure Instant Messenger App", "points": 738, "created_at": "2018-04-26"} observed artifact ↗ 2018-04-26 normalized 0.20
description The Rio was an investment that ended up being a bad one due to the loss of a loyalty program. observed artifact ↗ 2026-07-18 normalized 0.60
index.ai_tie NOT_AI observed classify 2026-07-25 derived 0.60
metric.venture.funding_amount_usd 300000000 derived calc 2026-07-18 derived 0.50
score.venture_signal 62.5 derived calc 2026-07-18 superseded 0.26
score.venture_signal 40.3 derived calc 2026-07-25 superseded 0.34
sec.cik 0001461297 observed artifact ↗ 2026-07-18 normalized 0.99
sec.form_d.count 18 observed artifact ↗ 2026-07-18 normalized 0.99
sec.form_d.filings [{"cik": "0001461297", "form": "D/A", "filed": "2025-03-14", "accession": "0000945621-25-000260", "index_url": "https://www.sec.gov/Archives/edgar/data/1461297/000094562125000260/0000945621-25-000260- observed artifact ↗ 2026-07-18 normalized 0.99
sec.form_d.latest_filed 2025-03-14 observed artifact ↗ 2026-07-18 normalized 0.99
sec.form_d.related_persons {"filed": "2025-03-14", "persons": [{"last_name": "Buzali", "first_name": "Jacobo", "clarification": "Managing Partner of Morgan Rio Partners, LLC, the General Partner", "relationships": ["Executive O observed url 2025-03-14 normalized 0.99
sector emerging derived calc 2026-08-08 normalized 0.50
source.document.reference {"kind": "video", "title": "All-In — Best Ideas Pitch Competition — rio", "source_id": "01KXRPBDZ2FE2BHN1CAREA46SJ-m-682f158037ed29e3", "extract_ref": "artifact:sha256:d620f51be2974e329f6969a697d1c42d observed artifact ↗ 2026-07-18 normalized 0.95