AI Chip Start-up Groq Nears US$600 Million Funding Deal

AI chip start-up Groq nears US$600 million funding deal

The new funding round brings the start-up’s total cash haul to more than US$2 billion and doubles its valuation.

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

Should this new fundraising deal close, it will double Groq's valuation in about nine months.

AI Chip Startup Groq Nears $600 Million Funding Deal

Artificial intelligence chip startup Groq Inc. is set to raise about $600 million in a new funding round that gives the company a roughly $6 billion valuation, according to people familiar with the talks.

AI chipmaker, Groq, Nears $6 Billion Valuation

Groq, a fast-rising AI chip startup, is making plans to raise $600 million in fresh funding.  According to Bloomberg, if successful, the deal would value the company at nearly $6 billion, from its $2.8 billion valuation in August 2024.  The round is expected to be led by Austin-based investment firm Disruptive.  Just last year, Groq […] The post AI chipmaker, Groq, Nears $6 Billion Valuation in New Fundraising Round appeared first on AutoGPT.

AI chip startup Groq is in talks to raise $600M at a $6B valuation

Groq, an AI chip startup founded by former Google employee Jonathan Ross, is reportedly in discussions to secure $600 million in new funding. This round would value the company at nearly $6 billion, although the deal remains subject to change. The potential funding marks a significant increase in Groq’s valuation. In August 2023, the company raised $640 million at a valuation of $2.8 billion. Prior to that, Groq had raised approximately $1 billi…

BLK ALERTS - Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change.