Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

STARTUPs

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

AIMPWA

July 29, 2025

Table of Content

AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change.

Groq raised $640 million at a $2.8 billion valuation in November 2024, making this double the valuation in about nine months. Groq previously raised about $1 billion.

The new round is led by Austin-based firm Disruptive, Bloomberg reports. The November round was led by Blackrock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.

Groq was founded by Jonathan Ross, who previously worked at Google developing its Tensor Processing Unit chip. The startup emerged from stealth in 2016.

This new raise comes after Groq announced in May an exclusive partnership with Bell Canada to power the telco’s large AI infrastructure project. In April, Groq partnered with Meta to offer AI infrastructure to speed Llama 4 inference. Neither Disruptive nor Groq immediately returned our request for comment.

Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Uzbekistan’s first unicorn, Uzum, leaps to a $1.5B valuation

AIMPWAAugust 5, 2025

At a time when the world feels increasingly divided between East and West, Uzbekistan has emerged as a rare middle ground, as the Central Asian nation’s homegrown unicorn, Uzum, has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight...

Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India

AIMPWAAugust 5, 2025

Indian startup Jeh Aerospace founders Vishal Sanghavi and Venkatesh Mudragalla have had a front row seat to the commercial aircraft sector and its growing production bottleneck. The two former Tata Group executives spent close to two decades in different positions at the company and worked on projects that included participation from global aerospace companies, including...

What founders should think about if looking to raise a Series C

AIMPWAAugust 4, 2025

Startup founders face a perplexing and even contradictory capital market in 2025, according to Sapphire Ventures partner Cathy Gao. “Capital isn’t scarce. But access to that capital is harder than ever,” she said. Gao, who spoke at TechCrunch’s All Stage conference in July, said it’s possible for startup founders, especially those in the later Series...

A top designer was banned from Dribbble. Now he’s building his own competitor.

AIMPWAAugust 4, 2025

Dribbble has permanently banned dozens of designers from its platform following a new effort to pivot to a marketplace and chase monetization. This includes one of the platform’s most well-known designers, Gleb Kuznetsov, founder of the San Francisco-based design studio Milkinside. Dribbble deleted his account with its over 210 million followers because he shared his contact information with prospective clients through...

CICU Urges MSME Ministry To Modernise Tool Rooms, Simplify Support Schemes

AIMPWAAugust 4, 2025

Ludhiana, Aug 4 (KNN) A delegation from the Chamber of Industrial & Commercial Undertakings has called upon the government to modernise aging industrial infrastructure and streamline complex support schemes that are hampering growth in the country’s micro, small, and medium enterprise (MSME) sector. The industry representatives argue that current bureaucratic processes are preventing smaller businesses...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION