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 37d ago
GroqMoney · 17 Aug
Groq
Round of $100M+
$350Mraised
$3.5Bvaluation
What the sources say
Linked, never rewritten. Official means the lab itself.
Official0
No word from Groq yet.
Coverage2
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 fundingCommunity0
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How it unfolded
Every source in the order it appeared. Times in UTC.