AI chip startup Groq is in talks to lift a contemporary $600 million at a close to $6 billion valuation, sources inform Bloomberg, though the deal isn’t but ultimate and phrases may change.
Groq raised $640 million at a $2.8 billion valuation in November 2024, making this double the valuation in about 9 months. Groq beforehand raised about $1 billion.
The brand new spherical is led by Austin-based agency Disruptive, Bloomberg studies. The November spherical was led by BlackRock, with participation from Neuberger Berman, Sort One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.
Groq was based by Jonathan Ross, who beforehand labored at Google creating its Tensor Processing Unit chip. The startup emerged from stealth in 2016.
This new increase comes after Groq introduced in Might an unique partnership with Bell Canada to energy the telco’s massive AI infrastructure venture. In April, Groq partnered with Meta to supply AI infrastructure to hurry Llama 4 inference. Neither Disruptive nor Groq instantly returned our request for remark.
