Nvidia · Crypto Briefing
Groq secured $650 million in growth funding, announced on June 22, 2026
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The round was led by Disruptive, whose founder Alex Davis also chairs Groq’s board, along with Infinitum.
Key facts
- Groq’s previous post-money valuation stood at $6.9 billion following a $750 million round in September 2025
- Groq secured $650 million in growth funding, announced on June 22, 2026
- In December 2025, Nvidia struck a non-exclusive licensing agreement with Groq valued at roughly $20 billion, targeting Groq’s inference technology for its own platforms
- The company is targeting 200 megawatts of power capacity by the end of 2027
Summary
The AI chip company lost its founder and president to Nvidia but landed a massive growth round to scale its inference cloud operations globally. Groq secured $650 million in growth funding, announced on June 22, 2026. In December 2025, Nvidia struck a non-exclusive licensing agreement with Groq valued at roughly $20 billion, targeting Groq’s inference technology for its own platforms. Groq’s previous post-money valuation stood at $6.9 billion following a $750 million round in September 2025.