economy
Nvidia paid Groq $20 billion and took its top engineers. Now Groq is raising $650 million for what's left.
After Nvidia’s $20B not-acqui-hire, Groq is raising $650M from existing investors for its inference cloud. Two backers guarantee the round.
TL;DR
- Groq is seeking to raise $650 million.
- The funding will come from existing investors.
- Two investors have guaranteed the funding round.
- This follows a $20 billion "not-acqui-hire" event with Nvidia.