✉news BusinessStartups first seen 23 h ago, last 1 h ago, peak #1
Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund
Original: Exclusive | Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund
The venture firm known for backing chip startup Groq is raising a megafund of about $10 billion, according to a Wall Street Journal exclusive. The fundraise would rank among the largest ever assembled by a venture capital firm, underscoring continued investor appetite for big bets on AI hardware and compute.
Why now: The scale of the raise and its link to an AI chip startup make it notable amid the ongoing AI investment boom.
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