Nvidia paid Groq $20 billion and took its top engineers. Now Groq is raising $650 million for what's left.
After Nvidia’s $20B not-acqui-hire, Groq is raising $650M from existing investors for its inference cloud. Two backers guarantee the round.
Nvidia paid Groq $20 billion and took its top engineers. Now Groq is raising $650 million for what’s left. Groq is in the process of raising $650 million from its existing investors. This funding round is partially guaranteed by two of its backers. The news follows a significant event involving Nvidia, which previously paid $20 billion in a transaction described as a “not-acqui-hire.”
- Groq is seeking to raise $650 million.
- The funding will come from existing investors.
- Two investors have guaranteed the funding round.
- This follows a $20 billion “not-acqui-hire” event with Nvidia. Continue reading https://thenextweb.com/news/groq-650-million-raise-nvidia-20-billion-inference-cloud
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