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Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation | TechCrunch
Explore key highlights within the NFT & Web3 area. This article dives into: “Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation | TechCrunch”.
AI chip startup Groq is in talks to elevate a contemporary $600 million at a close to $6 billion valuation, sources inform Bloomberg, though the deal isn’t but closing and phrases may change.
Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in a couple of 12 months. Groq beforehand raised about $1 billion.
The new spherical is led by Austin-based agency Disruptive, Bloomberg stories. The November spherical was led by BlackRock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.
Groq was based by Jonathan Ross, who beforehand labored at Google creating its Tensor Processing Unit chip. The startup emerged from stealth in 2016.
This new elevate comes after Groq introduced in May an unique partnership with Bell Canada to energy the telco’s massive AI infrastructure mission. In April, Groq partnered with Meta to provide AI infrastructure to velocity Llama 4 inference. Neither Disruptive nor Groq instantly returned our request for remark.
Correction: This story initially incorrectly reported the date of the final elevate.
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