Groq Valued at $3.5 Billion in New Funding Round
AI chip startup Groq has been valued at $3.5 billion in a new funding round, following a recent deal with Nvidia. This valuation highlights growing investor interest in the artificial intelligence sector.
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Groq Valued at $3.5 Billion in Funding Round After Nvidia Deal
Groq has raised $350 million in funding at a $3.5 billion valuation, roughly half what it was worth nearly a year ago before Nvidia Corp. struck a licensing deal with the startup and hired away much of its talent.The financing, set to be announced Monday, was led by Dallas-based investment firm Disruptive. Nvidia is also set to invest in the round, according to a representative for Groq. Nvidia did not respond to a request for comment. Founded in 2016, Groq was among the companies developing the
By Natasha Mascarenhas
Read full article →Groq valued at $3.5B in new funding round - report
Read full article →AI coding startup Cognition in talks to raise new round at $40 billion valuation - The Daily Star
AI coding startup Cognition in talks to raise new round at $40 billion valuation The Daily Star
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