After Nvidia’s $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M
Groq, the AI chip startup, is seeking to raise $650 million in fresh capital from its existing investors as it pushes deeper into the inference neocloud market, according to sources cited by Axios. Th
TechCrunch · May 29, 2026
AI Chipmaker Groq Targets $650M Funding to Rival Nvidia
AI chip startup Groq is seeking to raise $650 million in fresh capital from its existing investor base, according to sources cited by Axios. The San Jose-based company is positioning this funding roun
TechCrunch · May 29, 2026