Groq seeks new investment targeting $8 billion valuation
NVDA NVIDIA Corp
$178.67 -4.27%
View chart & analysis → - 1Groq Chairman Alex Davis has requested a new Series B round from investors, targeting a $8 billion valuation for Groq excluding the funds raised.
- 2Nvidia hired Groq founder and CEO Jonathan Ross along with other key employees late last year as part of a $20 billion licensing deal with Nvidia.
- 3Elon Musk recently predicted that more than 200 neo-cloud companies will undergo large-scale attrition and consolidation.
So what's the key point?
Groq is seeking new investment with a target valuation of $8 billion. This move aims to prove the company's value following the departure of key personnel to Nvidia.
Source Bloomberg · View original ↗
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