Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation
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, which also sells data center computing power, previously raised $640 million at a $2.8 billion valuation in August 2024, making this more than double the valuation in about