Groq announced a $350M Series A at a $3.5B valuation.

That figure is roughly half its $6.9B Sept-2025 valuation, but Groq says the new number reflects the company after the Nvidia licensing transaction.

Before the NVIDIA deal, the $6.9B Groq included its original chip business, key LPU technology, founder Jonathan Ross, and other senior technical talent.

NVIDIA has since incorporated Groq technology into Groq 3 LPX for Vera Rubin. So Groq can no longer depend on exclusive control of that architecture as the basis of its advantage.

Its case now depends more on whether its cloud can deliver better latency and economics consistently than other operators.

Then NVIDIA struck the licensing deal, so the Groq that remained was a different business, increasingly focused on operating AI infrastructure and data centers.