AI Chip Pioneer Groq Aims for $6 Billion Valuation in New Funding Round
6 day ago / Read about 0 minute
Author:小编   

The U.S.-based AI chip startup Groq is seeking to raise between $300 million and $500 million, aiming for a valuation of $6 billion. The proceeds from this funding round will be utilized to fulfill a $1.5 billion cooperation agreement with Saudi Arabia, through which Groq anticipates generating approximately $500 million in revenue this year. In August 2022, Groq successfully closed a Series D funding round, securing $640 million and achieving a valuation of $2.8 billion. The company is dedicated to developing cutting-edge AI inference chips that are engineered to maximize processing speeds and efficiently execute pre-trained model instructions.