Groq is nearing a $600 million funding round at almost a $6 billion valuation, sources tell Bloomberg. The deal isn’t finalized and could still change.
This comes about a year after Groq raised $640 million at a $2.8 billion valuation in August 2024, doubling its value in just 12 months. The startup has raised about $1 billion total before this new round.
The latest round is led by Austin-based firm Disruptive. For reference, last November’s raise was led by BlackRock, with backers including Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund. 
Groq was founded by Jonathan Ross, who helped build Google’s Tensor Processing Unit chip. The company went public in stealth mode in 2016.
This new funding push follows a May announcement that Groq will be Bell Canada’s exclusive AI inference provider for its sovereign AI network. In April, Groq teamed up with Meta to ramp up Llama 4 inference speed.
Neither Disruptive nor Groq immediately responded to requests for comment.
Correction: The original report misstated the date of Groq’s last raise.
