Groq raises $750M at a $6.9B valuation

Groq/LPU and GroqCloud

Groq raised $750 million led by Disruptive at a $6.9 billion post-money valuation, more than doubling its value in a year and bringing total funding past $3 billion. The company's developer base grew tenfold to over 2 million from 356,000 a year earlier.

• Post-money valuation of $6.9B, up from $2.8B in August 2024; total funding now exceeds $3 billion.
• Developer adoption rose from 356,000 to over 2 million in a year; Groq's LPU chips compete directly with NVIDIA GPUs.
• Disruptive led the round; BlackRock, Neuberger Berman, Deutsche Telekom Capital Partners and prior backers Samsung, Cisco participated.