Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation | TechCrunch
News Source : TechCrunch
News Summary
- AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a post-money valuation of $6.9 billion.
- This topped the rumored numbers when word leaked in July that Groq was raising.
- At that time, reports suggested that the raise would be about $600 million, at near a $6 billion valuation.
- Groq previously raised $640 million at a $2.8 billion valuation in August 2024, making this more than double the valuation in about a year.
AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a postmoney valuation of $6.9 billion. This topped the rumored numbers when word leaked in July that Gro [+2024 chars]
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