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Groq raises $350M at $3.5B valuation for neocloud pivot

Groq raised $350 million at a $3.5 billion valuation. The former AI chipmaker is pivoting to a neocloud business and expanding its Nvidia-powered data center footprint.

First seen 17 Aug, 16:15 UTC on TechCrunch2 sourcesLast update 63d ago

What the sources say

Linked, never rewritten. Official means the lab itself.

Official0

No word from Groq yet.

Press2

TechCrunch· 17 Aug, 16:15Groq raises $350M to fuel its pivot from AI chips to neocloudSiliconANGLE· 17 Aug, 23:39AI cloud operator Groq raises $350M more in funding

How it unfolded

Every source in the order it appeared. Times in UTC.

17 Aug 16:15TechCrunch Groq raises $350M to fuel its pivot from AI chips to neocloud17 Aug 23:39SiliconANGLE AI cloud operator Groq raises $350M more in funding