Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation
AI Chip Startup Groq is in conversation to pick up a new $ 600 million in the event of a rating of almost $ 6 billionSources tell Bloomberg, although the deal is not yet final and can change terms.
GROQ raised $ 640 million at a rating of $ 2.8 billion in August 2024, making it double the appreciation in about a year. GROQ has previously collected around $ 1 billion.
The new round is led by the Austin -based company Disruptive, Bloomberg reports. The round of November was led by BlackRock, with the participation of Neuberger Berman, type One Ventures, Cisco, KDDI and Samsung Catalyst Fund.
GROQ was founded by Jonathan Ross, who previously worked at Google to develop his Tensor Processing Unit Chip. The startup came from Stealth in 2016.
This new increase is coming after Groq announced in May An exclusive partnership with Bell Canada to provide electricity the large AI infrastructure project of the Telco. In April, Groq Work together with Meta To offer AI infrastructure to accelerate Lama 4 consequences. Neither disruptively nor Groq immediately returned our request for comments.
Correction: This story originally wrongly reported the date of the last increase.
