Groq plans to raise $300-500 million at a $6 billion valuation

According to people familiar with the matter, US semiconductor startup Groq is in talks with investors to raise $300 million to $500 million, with a post-investment valuation of $6 billion. The funds will be used to fulfill the agreement signed by Groq and Saudi Arabia. The agreement will reportedly bring Groq about $500 million in revenue.