Groq raised $350M at $3.5B, roughly half its September 2025 valuation, with NVIDIA in the round.

The drop follows NVIDIA licensing Groq's inference technology and hiring founder Jonathan Ross along with much of the senior team. Groq is now positioning as a data center operator rather than a chip designer, planning to exceed 200MW of inference capacity by 2027. TechCrunch A down round with your acquirer-of-talent participating is an unusual structure. Read it alongside the Poolside deal as the same playbook run twice.