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Groq has secured $350 million in a Series A funding round led by Disruptive, with Nvidia planning to participate, raising its valuation to $3.5 billion. The company plans to use the funding to expand its infrastructure as a cloud AI service provider, following its shift from developing LPU chips to operating Nvidia systems.
Groq has raised $350 million in new funding, lifting its valuation to $3.5 billion and accelerating its transition from developing AI chips to operating a cloud infrastructure business based on Nvidia systems. The company aims to expand its operational capacity from 54 megawatts to more than 200 megawatts during 2027.