Groq Reportedly Nears $600M Raise at $6B Valuation Amid Growing Demand for AI Chip Alternatives
By James Dargan · · 1 min read
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.
