Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation 

AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources inform Bloomberg, though the deal isn’t but ultimate and phrases might change. 

Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in a couple of 12 months. Groq beforehand raised about $1 billion.

The brand new spherical is led by Austin-based agency Disruptive, Bloomberg reviews. The November spherical was led by BlackRock, with participation from Neuberger Berman, Kind One Ventures, Cisco, KDDI, and Samsung Catalyst Fund.

Groq was based by Jonathan Ross, who beforehand labored at Google growing its Tensor Processing Unit chip. The startup emerged from stealth in 2016.

This new increase comes after Groq announced in May 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.

Correction: This story initially incorrectly reported the date of the final increase.