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Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation
Should this new fundraising deal close, it will double Groq's valuation in about nine months.
The November round was led by Blackrock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund. This new raise comes after Groq announced in May an exclusive partnership with Bell Canada to power the telco’s large AI infrastructure project. In April, Groq partnered with Meta to offer AI infrastructure to speed Llama 4 inference.
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