It is set to be valued at $2.5 billion in a funding round led by Blackrock, according to sources.
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AdvertisementGroq, a scrappy challenger to Nvidia that is developing chips powering artificial intelligence, is set to be valued at $2.5 billion in a new funding round led by Blackrock, according to multiple sources.
Groq has been rumored to be raising a new round and recently hired Morgan Stanley to help raise $300 million in new funding, the Information previously reported last month.
The valuation and lead investor have not been previously reported.
Persons:
Groq, —, Morgan Stanley
Organizations:
Blackrock, Service, Nvidia