AI chip startup Groq is reportedly in talks to raise $600 million at a near $6 billion valuation, doubling its valuation from approximately a year ago, according to Bloomberg sources. The round is said to be led by Austin-based firm Disruptive, though terms could change as the deal isn’t finalized yet.
Groq previously raised $640 million at a $2.8 billion valuation in August 2023, following about $1 billion in earlier funding. BlackRock led the company’s November funding round, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.
Founded by Jonathan Ross, a former Google employee who worked on the Tensor Processing Unit chip, Groq emerged from stealth in 2016. The company recently announced significant partnerships, including with Meta in April to offer AI infrastructure for Llama 4 inference, and an exclusive partnership with Bell Canada in May for the telco’s large AI infrastructure project.
