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Groq raises $350M to fuel its pivot from AI chips to neocloud

TechCrunch

TechnologyTechCrunch·Aug 17, 2026·1 min read

Groq raises $350M to fuel its pivot from AI chips to neocloud

Groq raised $350 million at a $3.5 billion valuation as the former AI chipmaker pivots to a neocloud business and expands its Nvidia-powered data center footprint.

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