AI-Chip Startup Groq Eyes Up To $500M Capital Raise At $6B Valuation ...

AI-Chip Startup Groq Eyes Up To $500M Capital Raise At $6B Valuation ...

Nvidia Rival Groq Reportedly Eyes $6 Billion Valuation, Cisco And Samsung-Backed Company Looks To Double Valuation Amid Surging AI Chip Demand - NVIDIA (NASDAQ:NVDA)

On Wednesday, Nvidia Corporation (NASDAQ:NVDA) briefly hit $4 trillion market cap. Meanwhile, its rival Silicon Valley startup Groq is reportedly aiming to raise fresh capital at a $6 billion valuation to fulfill a major Saudi contract. What Happened: Groq has spoken to investors about raising between $300 million and $500 million to support its expansion efforts, particularly tied to a $1.5 billion agreement with Saudi Arabia to deliver advance…

AI chip startup Groq seeks $500m to fulfil Saudi order

Groq valuation to be $6bn Saudi’s Humain deploys chips Supporting 1.5m developers US semiconductor startup Groq is reportedly seeking between $300 and $500 million in investments to fulfil a recently-signed agreement with Saudi Arabia to supply chips. In February 2025, Saudi Arabia and Groq agreed a $1.5 billion deal to expand delivery of Groq’s advanced LPU-based AI products. California-based Groq has told investors that the contracts in Saudi …

Groq Aims to Raise $300M-$500M for AI Chip Expansion – AInvest

... edge computing. The collaboration with Saudi Arabia further strengthens Groq's global presence and its ability to compete with established players ...http://dlvr.it/TLr55f

US startup Groq seeks to raise $300m-$500m capital

Development signifies a substantial increase in Groq's valuation at $6b

AI chip startup Groq discusses US$6 billion valuation, The Information reports

US semiconductor startup Groq has spoken to investors about raising between US$300 million and US$500 million at a US$6 billion post-investment valuation, The Information reported on Wednesday, citing people with knowledge of the matter.