AI chip start-up Groq’s value rises to $2.8bn as it takes on Nvidia

Nvidia competitor Groq raises $640M in new funding

Artificial intelligence startup Groq announced on Monday that it has raised $640M in a Series D funding round as it looks to compete with Nvidia. Read for more.

AI chip startup Groq valued at $2.8 billion after latest funding round

Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, among others, bringing its valuation to $2.8 billion. The Silicon Valley firm, founded by a former Alphabet engineer, spec

AI chip start-up Groq’s value rises to $2.8bn as it takes on Nvidia

Company raises $640mn from investors including BlackRock and brings in Meta AI scientist Yann LeCun as adviser

AI Chip Startup Groq Gets $2.8 Billion Valuation in New Funding Round

Cisco and Samsung invested in the $640 million deal

AI chip startup Groq lands $640M to challenge Nvidia

Groq, a startup developing chips to run generative AI models faster than conventional processors, said on Monday that it’s raised $640 million in a new funding round led by Blackrock. Neuberger Berman, Type One Ventures, Cisco, KDDI and Samsung Catalyst Fund also participated. The tranche, which brings Groq’s total raised to over $1 billion and […] © 2024 TechCrunch. All rights reserved. For personal use only.

AI chip startup Groq raised a $640M Series D led by BlackRock at a $2.8B valuation, up from $1B after raising $300M in 2021, and adds a former Intel exec as COO

The essential tech news of the moment. Technology's news site of record. Not for dummies.