Groq raises $350M to fuel its pivot from AI chips to neocloud
Groq’s new round values the Nvidia-dependent infrastructure version of the company at $3.5 billion.
The $350 million raise is led by Disruptive, with planned participation from Nvidia. Groq says the lower valuation reflects the company after Nvidia’s licensing deal and hiring of its founder and other top talent. The company now operates 13 data centers and plans to expand from 54 megawatts to more than 200 megawatts in 2027. The money is aimed at larger Nvidia accelerated-computing clusters for training and inference. TechCrunch AI's note
The $350 million raise is led by Disruptive, with planned participation from Nvidia. Groq says the lower valuation reflects the company after Nvidia’s licensing deal and hiring of its founder and other top talent. The company now operates 13 data centers and plans to expand from 54 megawatts to more than 200 megawatts in 2027. The money is aimed at larger Nvidia accelerated-computing clusters for training and inference. TechCrunch AI's note
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