Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports

Groq targets 0 million fundraise after Nvidia licensing deal, Axios reports

By Reuters
Publication Date: 2026-05-28 15:02:00

Groq is raising up to $650 million from existing investors, Axios reported ​on Thursday, after the AI chip ‌startup signed a $17 billion licensing deal with Nvidia in December.