Nvidia Ai Chip Challenger Groq Said To Be Nearing New Fundraising At $6b Valuation 

In Brief

AI spot startup Groq is successful talks to raise a caller $600 cardinal astatine a adjacent $6 cardinal valuation, sources show Bloomberg, though nan woody isn’t yet last and position could change. 

Groq raised $640 cardinal astatine a $2.8 cardinal valuation successful November 2024, making this double nan valuation successful astir 9 months. Groq antecedently raised astir $1 billion.

The caller information is led by Austin-based patient Disruptive, Bloomberg reports. The November information was led by Blackrock, pinch information from Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.

Groq was founded by Jonathan Ross, who antecedently worked astatine Google processing its Tensor Processing Unit chip. The startup emerged from stealth successful 2016.

This caller raise comes aft Groq announced successful May an exclusive business pinch Bell Canada to powerfulness nan telco’s ample AI infrastructure project. In April, Groq partnered pinch Meta to connection AI infrastructure to velocity Llama 4 inference. Neither Disruptive nor Groq instantly returned our petition for comment.

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