Groq, a US-based AI chip and cloud infrastructure company, has raised $650 million in fresh funding to expand its AI inference cloud, the company announced on Monday. The financing arrives as the firm works to reposition itself following a deal late last year that saw Nvidia license its core chip technology and hire away much of its leadership.
The round was led by Disruptive and Infinitum, according to an official Groq blog post. The company did not disclose its latest valuation. It was last valued at $6.9 billion after a $750 million funding round in September 2025, TechCrunch reported.
The financing arrives roughly six months after Nvidia signed a non-exclusive licensing agreement for Groq's language processing unit technology, TechCrunch noted. As part of that transaction, Nvidia also hired Groq founder and chief executive Jonathan Ross, president Sunny Madra, and other employees.
Ross, who earlier helped design Google's Tensor Processing Unit, had led Groq since its founding in 2016. Co-founder Doug Wightman initially stepped up to manage operations following Ross's departure, before long-standing company veteran Adam Winter was named as chief executive officer to lead this next phase of expansion.
With Groq retaining full ownership of the intellectual property behind its LPU chips under the non-exclusive licensing agreement, the company says it has sharpened its focus on running an inference cloud business, offering access to fast, real-time AI model processing through data centres rather than selling hardware.
In the official blog post, Groq said the new capital will help the firm scale toward 200 megawatts of capacity by the end of 2027, and fit out existing facilities with the latest inference technology, including Nvidia's new LPX system, which incorporates Groq's designs.
Groq has also moved to rebuild its executive ranks. The company named Alan Rice, formerly of xAI and Meta, as chief operating officer. Next month, Sinclair Schuller will join as chief technology officer, and Rakesh Malhotra will join as chief product officer. Both executives were previously co-founders of the software engineering firm Nuvalence, which was acquired by EY in 2024.
