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- AI chip startup Groq discusses $6 billion valuation, The Information reports</p>
<p>July 10, 2025 at 1:00 AM</p>
<p>(Reuters) -U.S. semiconductor startup Groq has spoken to investors about raising between $300 million and $500 million at a $6 billion post-investment valuation, The Information reported on Wednesday, citing people with knowledge of the matter.</p>
<p>The company is seeking the cash to fulfill a recently inked deal with Saudi Arabia, the report said.</p>
<p>In February, Groq secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of its advanced artificial intelligence chips to the country.</p>
<p>Groq has told investors that the contracts in Saudi Arabia will help the company bring in about $500 million in revenue this year, the report added.</p>
<p>Groq did not immediately respond to a Reuters request for comment.</p>
<p>In August last year, Groq raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, among others, which brought its valuation to $2.8 billion.</p>
<p>The Silicon Valley firm is known for producing AI inference chips that optimize speed and execute commands of pre-trained models.</p>
<p>(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Shailesh Kuber)</p>
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