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Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation
The fresh raise comes in above the rumored numbers when word leaked in July that it was raising.
Both the cloud and on-prem hardware run open versions of popular models, like those from Meta, DeepSeek, Qwen, Mistral, Google and OpenAI. Ross previously worked at Google developing its Tensor Processing Unit chip, which are specialized processors designed for machine learning tasks. The new round was led by investment firm Disruptive, with additional funding from BlackRock, Neuberger Berman, Deutsche Telekom Capital Partners, and others.
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