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TechCrunch |Technology |Aug 17, 2026

Groq Raises $3.5 Billion Valuation After Pivoting From Chipmaking to Nvidia-Powered Cloud Services

The company’s new funding round, led by investment firm Disruptive with planned participation from Nvidia, values Groq at $3.5 billion, a significant drop from the $6.9 billion valuation it received last September.