July 29, 2025:
Groq Eyes $600M Funding at $6B Valuation - AI chip startup Groq is reportedly close to securing $600 million at a valuation nearing $6 billion, doubling its worth from a year ago. The company previously raised $640 million at a $2.8 billion valuation in August 2024 and has accumulated approximately $1 billion in total funding.
The new funding round is led by Disruptive, following previous investments by BlackRock and others. Founded by former Google engineer Jonathan Ross, Groq's recent collaborations include a partnership with Bell Canada for AI projects and Meta for Llama 4's AI infrastructure.
