Jun. 23 at 11:58 PM
Groq raised
$650 million in a new funding round to accelerate its transformation from an AI-chip startup into an AI infrastructure and data-center operator. The round was led by existing investors Disruptive and Infinitum, reflecting continued confidence in the company’s strategy following its semiconductor asset sale to Nvidia.
After transferring most of its chip business, engineers, and executives to Nvidia, Groq is now focused on AI inference services—the computing power required to run trained AI models. The company plans to use the proceeds to expand its network of 13 data centers and increase total capacity fourfold to 200 megawatts by the end of 2027.
Groq previously raised
$750 million in 2025 at a
$6.9 billion valuation and counts Samsung, Cisco, and BlackRock among its investors. The company has also strengthened its leadership team, appointing Adam Winter as CEO and adding executives with experience in AI infrastructure and cloud computing.
$NVDA $SSNLF $CSCO $BLK