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

TechCrunchEditor
August 17, 2026 | 6:00 PM1 min read
Originally published on TechCrunch
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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