Groq Reportedly Nears $600M Raise at $6B Valuation Amid Growing Demand for AI Chip Alternatives

Groq, the AI chip startup founded by former Google TPU architect Jonathan Ross, is reportedly in advanced talks to raise $600 million in new funding at a valuation nearing $6 billion, according to Bloomberg. The round is expected to be led by Disruptive, an Austin-based investment firm.

This new raise would mark a significant jump from Groq’s previous $640 million round in August 2024, which valued the company at $2.8 billion. Groq has now raised approximately $1 billion to date.

The company is positioning itself as a major challenger to Nvidia, with recent partnerships including collaborations with Bell Canada on national AI infrastructure and Meta to support Llama 4 inference workloads. Founded in 2016, Groq continues to gain traction as enterprises seek high-performance, lower-latency alternatives to dominant GPU-based solutions.

James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

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