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Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports
May 28 : Groq is raising up to $650 million from existing investors, Axios reported on Thursday, after the AI chip startup signed a $17 billion licensing deal with Nvidia in December. Groq has been shifting focus away from hardware toward AI inferencing, where it specializes in enabling trained AI models to
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axios.com
Scoop: Groq raising $650 million for its second act
This follows a $20 billion licensing deal with Nvidia.
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cryptobriefing.com
Groq raises $650M as AI inference chip maker eyes massive expansion
AI inference chip startup Groq is raising $650M to expand GroqCloud capacity and develop next-gen LPU technology, potentially doubling its valuation to $6B.
