Groq is raising $350 million in a funding round at a $3.5 billion valuation, according to Bloomberg and Yahoo Finance. The financing is expected to be announced Monday and is led by Dallas-based investment firm Disruptive. Groq says Nvidia is also set to participate in the round, and that a representative for the company is confirming Nvidia’s planned investment.
Bloomberg adds context that Groq’s valuation is lower than roughly a year earlier, when it was valued about twice as much. The outlet links the change to Nvidia’s licensing deal with Groq and Nvidia hiring away a portion of Groq’s talent. Groq, founded in 2016, is one of several companies building hardware and systems aimed at accelerating AI workloads.
Across the two outlets, the reported deal size, valuation, lead investor, and the role of Nvidia are consistent. The reports emphasize the business impact of Nvidia’s licensing and talent moves, though they do not provide additional detail on terms beyond the valuation, timing, and participants.
