StartupsTech in Asiaabout 1 hour ago
Groq Seeks $8 Billion Valuation in Series B
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Groq, a company backed by Nvidia, seeks an $8 billion valuation for its Series B round. This target more than doubles its August mark of $3.15 billion, which excluded $350 million raised previously. Founder Alex Davis argues the firm can grow margins without debt reliance. The capital aims to meet substantial demand for inference compute through short- and medium-term contracts.
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