AI chip startup Groq announced a $750 million financing that lifts its post‑money valuation to $6.9 billion. The round, led by Disruptive with participation from BlackRock, Neuberger Berman, Deutsche Telekom Capital Partners and existing backers such as Samsung, Cisco and Altimeter, more than doubles the company’s valuation from a year ago. Groq’s LPUs – marketed as inference engines – are positioned as a non‑GPU alternative for AI workloads, and the firm now claims to power the AI applications of over two million developers.
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