AI chip new creation company Groq is conducting a round of financing, which is expected to concentrate on raising about $600 million and value it at a valuation of nearly $6 billion. According to Bloomberg, if the financing is successful, it will double the valuation of Groq in just nine months, from $2.5 billion in May 2024 to $6 billion now. The specific investors of this round of financing have not yet been confirmed, although there have been reports that the risk investment company Disruptive, which is located in Austin, may be involved.
Groq was founded in 2016 by Jonathan Ross, who once developed Tensor processing unit chips at Google. The company focuses on AI reasoning chips and competes with Nvidia in the heavily profitable AI hardware market. Groq raised $367 million in its May financing and attracted the participation of several well-known investors.
The background of this financing is Groq's exclusive partnership with Canadian Bell in May 2025, aiming to provide the telecommunications company with large-scale AI infrastructure projects. In addition, Groq also cooperated with Meta in April this year to provide AI-based facilities to accelerate its reasoning capabilities. Although the terms may change in this transaction, Groq's future development prospects are still exciting.
Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B value Groq Aims for $6 Billion Valuation, Challenges Nvidia Amid AI Chip Demand AI Chip Startup Groq Nears $600 Million Funding Deal