Groq raises $650 million for its neocloud second act after selling its soul to Nvidia for $20 billion
Groq is raising $650 million to fund its pivot from AI chip maker to inference neocloud provider, following a $20 billion LPU licensing deal with Nvidia that paid out shareholders and handed the founding team to its former competitor. Existing investors Disruptive and Infinitum are backstopping the full round. The raise signals durable investor conviction in inference-optimized infrastructure as the next battleground in AI.
