Groq raises $350M at $3.5B valuation, half of last year's $6.9B
IanAndrewsDC · x · 2026-08-18
Groq has raised $350M at a $3.5B valuation, roughly half of its $6.9B valuation from last September. Nvidia is investing in the round, after previously licensing Groq's technology and hiring founder Jonathan Ross and other employees. Groq plans to expand capacity to more than 200MW by next year.
Related event: Groq Raises $350M at $3.5B Valuation, Half of Last Year's Peak(5 posts)→
More from Venture
- Five pharma giants federally train OpenFold3 on 20,000 private structures, +11 pts — jiqizhixin · 2026-10-16
- VC meme: today's $50M calendar-app rounds vs 1600s nutmeg fleet bets — ctjlewis · 2026-10-16
- Mark Cuban's "AI is book smart, not street smart" dubbed the best pitch for RL environment startups — joecole · 2026-10-16
- AI Daily Brief: latest AI leap disrupts business models; Anthropic revenue surges — The AI Daily Brief · 2026-10-16
- Oracle down 12% in a week, nearly 50% off June high as OpenAI exposure spooks market — alvelda · 2026-10-16
- VC Brad Gerstner hypes AI on CNBC while his AI exposure sits at 3-year low — SumitGup · 2026-10-16