Sources told Bloomberg that the artificial intelligence chip startupGroq in talks to raise new $600 million at nearly $6 billion valuation, however the deal has not yet been finalized and terms may change.
Groq raised $640 million in August 2024, valuing it at $2.8 billion, doubling its valuation in about a year. Groq has previously raised about $1 billion.
According to Bloomberg, the new round of financing was led by Austin-based company Disruptive. The November round was led by BlackRock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI and Samsung Catalyst Fund.
Groq was founded by Jonathan Ross, who previously worked at Google developing its Tensor Processing Unit chip. The startup came to prominence in 2016.
The raise comes after Groq announced an exclusive partnership with Bell Canada in May to power the telco's large-scale AI infrastructure project. In April, Groq partnered with Meta to provide AI infrastructure to accelerate Llama 4’s inference. Neither Disruptive nor Groq immediately responded to our requests for comment.