Should this new fundraising deal close, it will double Groq's valuation in about nine months.

The new round is being led by Iconiq Capital, with the possibility of a co-lead investor joining.

Should this new fundraising deal close, it will double Groq's valuation in about nine months.

The new funding round brings the start-up’s total cash haul to more than US$2 billion and doubles its valuation.

The round could make the AI data storage company one of the most valuable in the world.