Last December, startup Groq signed a non-exclusive technology licensing agreement worth $20 billion with NVIDIA, granting the chip giant a license for its LPU inference acceleration ASIC technology. Groq subsequently transitioned from an AI chip developer into an emerging AI cloud service provider, commonly known as a “Neocloud.”
On August 17, U.S. local time, Groq announced that it had completed a $350 million Series A round at a $3.5 billion valuation (approximately 23.636 billion yuan at the current exchange rate). The round was led by Disruptive, with NVIDIA planning to participate. Following the $650 million raised in June this year, Groq has raised a cumulative $1 billion recently.
On the 12th of this month, Groq announced that it had become an NVIDIA cloud partner. The company will provide users with training and inference services based on medium- to large-scale NVIDIA accelerated computing clusters. Its computing capacity is expected to grow from the current 54 MW to more than 200 MW by 2027.