18 August 2026

Groq raises $350 million after Nvidia licensing deal

• Groq, a startup making AI inference chips (hardware that runs trained models), raised $350 million at a $3.5 billion valuation.
• Nvidia licensed Groq's technology and hired senior members of its team as part of the deal.
• Groq is rebuilding its business around an inference cloud that combines its LPUs (a type of AI chip) with Nvidia systems.

How it was covered

TLDR AITLDR editorial team

Groq raised $350 million at a $3.5 billion valuation after Nvidia licensed its technology and hired senior members of its team. The remaining company was rebuilding around an inference cloud combining Groq LPUs with Nvidia systems.