AI chip startup Groq is in talks to raise a current $600 million at a near $6 billion valuation, sources inform Bloomberg, although the deal isn’t however remaining and phrases may change.
Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in a couple of yr. Groq beforehand raised about $1 billion.
The model new spherical is led by Austin-based company Disruptive, Bloomberg tales. The November spherical was led by BlackRock, with participation from Neuberger Berman, Kind One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.
Groq was primarily based by Jonathan Ross, who beforehand labored at Google creating its Tensor Processing Unit chip. The startup emerged from stealth in 2016.
This new enhance comes after Groq launched in May an distinctive partnership with Bell Canada to power the telco’s large AI infrastructure enterprise. In April, Groq partnered with Meta to provide AI infrastructure to rush Llama 4 inference. Neither Disruptive nor Groq immediately returned our request for comment.
Correction: This story initially incorrectly reported the date of the ultimate enhance.
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