Groq raises $350M at $3.5B valuation as it pivots from AI chips to Nvidia-powered cloud infrastructure
AI infrastructure startup Groq has raised $350 million in Series A funding at a $3.5 billion valuation, marking a strategic pivot from developing its own AI chips to becoming a neocloud provider offering GPU and AI infrastructure services. Notably, Nvidia has joined the funding round as the company shifts to using Nvidia-powered infrastructure.
