Groq Raises $650M Led by Disruptive and Infinitum on June 22

According to Groq, the US AI chip and cloud company raised $650 million on June 22 in a funding round led by Disruptive and Infinitum, marking its largest capital injection since shifting focus to cloud inference operations.

Groq is now prioritizing GroqCloud, an AI inference platform offering public, private, and hybrid deployments, including on-premises systems. The funding follows a non-exclusive licensing agreement with Nvidia announced six months earlier, under which Groq founder Jonathan Ross and president Sunny Madra joined the chipmaker.