According to sources cited by Bloomberg, Groq, an AI chip startup, is currently in discussions to secure a new funding round of $600 million, potentially valuing the company at around $6 billion. However, the deal has not been finalized, and terms may still undergo changes.
Groq, a burgeoning AI chip startup, is reportedly on the verge of raising a substantial $600 million in fresh funding, with talks indicating a valuation close to $6 billion, as reported by Bloomberg. Nonetheless, the deal remains pending finalization, leaving room for potential adjustments in terms.
In a noteworthy development, Groq had previously secured a significant sum of $640 million at a valuation of $2.8 billion back in November 2024, marking a remarkable doubling of its valuation within a span of just nine months. The startup had previously amassed approximately $1 billion in funding.
The upcoming funding round is said to be spearheaded by Disruptive, a firm based in Austin, as stated in the Bloomberg report. In contrast, the November fundraising was led by Blackrock, alongside contributions from other prominent entities such as Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.
Founded by Jonathan Ross, a former Google engineer who played a pivotal role in the development of the tech giant’s Tensor Processing Unit chip, Groq made its debut in 2016 after operating in stealth mode for a period of time.
This latest financing endeavor follows Groq’s recent strategic collaborations, including an exclusive partnership with Bell Canada announced in May to empower the telco’s ambitious AI infrastructure project. Additionally, in April, Groq teamed up with Meta to enhance AI infrastructure capabilities for expedited Llama 4 inference processing. At present, neither Disruptive nor Groq has responded to requests for comment.
