Nvidia paid Groq $20 billion and took its top engineers. Now Groq is raising $650 million for what’s left.

Groq’s existing investors got cashed out in a not-acqui-hire. Now they’ve been asked to reinvest $650M in the inference cloud business that remains.

TL;DR
After Nvidia’s $20B not-acqui-hire, Groq is raising $650M from existing investors for its inference cloud. Two backers guarantee the round.
Groq is raising $650 million from existing investors to fund its inference cloud business, Axios reporte… [3379 chars]

Source: TNW | Published: 2026-05-30T10:16:25Z

Credit: TNW