
BusinessLead story
Groq raises $350M at $3.5B valuation to pivot from chips to neocloud
The Nvidia-backed round marks a new valuation floor after Nvidia's $20B licensing deal stripped out Groq's founding team.
Jaeden SchaferEditor in Chief5 min read
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The Nvidia-backed round marks a new valuation floor after Nvidia's $20B licensing deal stripped out Groq's founding team.

The Harvard-dropout founders raised $500M in December and have TSMC-manufactured silicon in customer hands.

Six months after Nvidia licensed Groq's chip IP and hired away its CEO, the inference startup is pivoting to a 13-data-center cloud business.

The AI chip startup is doubling down on its inference cloud business under interim CEO Adam Winter, with Disruptive and Infinitium backstopping the round.
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