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Nvidia paid Groq $20 billion and took its top engineers. Now Groq is raising $650 million for what's left.
Groq's existing investors got cashed out in a not-acqui-hire. Now they've been asked to reinvest $650M in the inference cloud business that remains.
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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.
