Groq closes $350M Series A at $3.5bn evaluation and Nvidia joins the round

The Next Web
By Cristian DinaAug 17, 2026, 12:33 pm53 pts
Groq, the AI-inference chip company that spent the better part of a decade pitching itself as the scrappy alternative to Nvidia, has raised fresh money at a valuation that quietly concedes how much has changed. The company announced on Monday that they took in $350m at a $3.5bn valuation, roughly half the…

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