02:36
2026-08-18
startupfortune.com
ai-infrastructure
Groq Raises $350 Million to Trade Its Chip Ambitions for a Cloud Business
Groq raised $350 million on August 17 at a $3.5 billion valuation, led by Disruptive with Nvidia participating, to fund its pivot from AI chip maker to a neocloud that rents out GPU capacity. The comp…