AI chip startup Groq raises $750 million at a $6.9 billion valuation

Groq Raises $750 Million In New Funding Led By Disruptive - SuperbCrew

Groq raised $750 million in a new financing round, achieving a post-money valuation of $6.9 billion. The round was led by Disruptive (investing nearly $350 million), with significant participation from BlackRock, Neuberger Berman, Deutsche Telekom Capital Partners, and a major U.S. West Coast mutual fund manager; existing backers like Samsung, Cisco, D1, Altimeter, 1789 Capital, and Infinitum also joined. Funds will support global data center ex…

Nvidia Competitor, Groq, Raises $750 Million in Funding

AI chip startup Groq has raised $750 million in new funding, placing the company at a post-money valuation of $6.9 billion.  This figure exceeds earlier reports that estimated a raise of $600 million at a $6 billion valuation. Rapid Growth In August 2024, the company secured $640 million at a valuation of $2.8 billion. In […] The post Nvidia Competitor, Groq, Raises $750 Million in Funding  appeared first on AutoGPT.

AI chip startup Groq raises $750 million at a $6.9 billion valuation

AI chip startup Groq confirmed on Wednesday that it has raised $750 million in a new funding round, bringing its post-money valuation to $6.9 billion. The new capital more than doubles the company’s August 2024 valuation of $2.8 billion and brings its total funding to over $3 billion, according to PitchBook data. An alternative to Nvidia’s GPUs for AI inference Founded in 2016 by Jonathan Ross, who previously led the development of Google’s Tens…

Groq obtains $750m in funding for AI inference technology

Groq, a company specialising in AI inference technology, has announced a new funding round of $750m, resulting in a post-money valuation of $6.9bn. The financing round was led by US-based growth investment company Disruptive, which has invested nearly $350m in Groq to date. Groq also secured notable investments from BlackRock, Neuberger Berman, Deutsche Telekom Capital Partners, and a major mutual fund manager based on the US West Coast. Existin…