Groq Secures $640 Million in Funding to Challenge Nvidia in the AI Chip Industry
Groq has successfully raised $640 million in a Series D funding round. This funding was led by investors such as BlackRock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI and the Samsung Catalyst Fund. This investment brings Groq’s total funding to over $1 billion and also boosts the company’s valuation to $2.8 billion.
