FILE PHOTO: Close up of the GroqNode product by Silicon Valley AI chip startup Groq, in Mountain View, California, U.S., July, 2022. Groq Inc./Mark Heaps/Handout via REUTERS/ File Photo
(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.
The company is seeking the cash to fulfill a recently inked deal with Saudi Arabia, the report said.
