Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation
AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn't yet final and terms could change.
Groq raised $640 million at a $2.8 billion valuation in November 2024, making this double the valuation in about nine months. Groq previously raised about $1 billion.
The new round is led by Austin-based firm Disruptive, Bloomberg reports. The November round was led by Blackrock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.
Groq was founded by Jonathan Ross, who previously worked at Google developing its Tensor Processing Unit chip. The startup emerged from stealth in 2016.
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. Neither Disruptive nor Groq immediately returned our request for comment.
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How much could the city of Austin raise your property tax bill this year?
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Austin city council signals a tax rate election is coming, but for how much?
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Travis County considering higher tax rate allowed after flooding disaster The mayor's additions would cover the Homeless Strategy Office's funding plan, adds money for park maintenance and wildfire mitigation. You can find Watson's proposal here. 'It doesn't do all that I would like to see us be able to do in terms of funding services, and it also adds to the tax burden. But my hope is it offers voters a balanced way to preserve some important services while minimizing the damage on our affordability efforts,' Watson wrote. No tax rate election Austin City Council Member Marc Duchen (D10) is so far the only member of the body who has indicated he is against a tax rate election outright — citing concerns about affordability. But he also indicated he would be willing to compromise on a less significant TRE. 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New York Post
an hour ago
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Sen. Adam Schiff under federal criminal investigation for alleged mortgage fraud violations
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