This follows a $20 billion licensing deal with Nvidia.
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Illustration: Annelise Capossela/Axios
Groq is raising up to $650 million from existing investors, after the AI chipmaker previously signed a $20 billion licensing deal with Nvidia that saw much of its senior team depart, Axios has learned.
Why it matters: Groq is one of the biggest AI wins so far for venture capitalists, and those same investors now get a second bite at the apple.
Groq raising up to $650 million from existing investors, source says
Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports
After Nvidia's $20B not-aqui-hire, AI chip startup Groq reportedly raising $650M | TechCrunch
After Nvidia's $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M | TechCrunch
Groq targets $650 million fundraise after Nvidia licensing deal: Report - The Economic Times
Groq raises $650M as AI inference chip maker eyes massive expansion
Axios: Η Groq στοχεύει σε συγκέντρωση 650 εκατομμυρίων δολαρίων μετά τη συμφωνία αδειοδότησης της Nvidia
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The AI Boom’s Pricey Middle
May 28 : Groq is raising up to $650 million from existing investors, a source familiar with the matter told Reuters on Thursday,…
May 28 : Groq is raising up to $650 million from existing investors, Axios reported on Thursday, after the AI chip startup signed…
Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the…
Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the…
The fresh raise comes in above the rumored numbers when word leaked in July that it was raising.
Groq is seeking $650 million from its investors. This comes after a significant $17 billion licensing deal with Nvidia. Groq is…
