Reported 1 day ago
AI chip startup Groq is reportedly close to securing $600 million in new funding at a valuation of nearly $6 billion, doubling its previous valuation of $2.8 billion from August 2024. The latest fundraising round, led by Austin-based Disruptive, follows significant partnerships with major companies like Bell Canada and Meta to enhance AI infrastructure. Groq, founded by a former Google engineer, has raised around $1 billion since its inception in 2016.
Source: YAHOO