Groq closed a $350 million Series A at a $3.5 billion valuation. The round is being led by investment firm Disruptive, with NVIDIA also planning to participate. In September 2025, the company was valued at $6.9 billion.
Between these two figures lies a $20 billion M&A deal with NVIDIA, the largest in its history. In December, NVIDIA acquired Groq's inference developments and its core team, led by founder Jonathan Ross. The legal entity remained independent, the company was led by former CFO Simon Edwards, Alex Davis from Disruptive assumed the executive chairman position, and the round numbering was restarted along with the business model.
Essentially a second version of the company is operating under the old name. Its proprietary chips have been acquired, and Groq is being rebuilt as neocloud on NVIDIA hardware: 13 data centers worldwide, NVIDIA Cloud Partner status, over 6 million developers, and trillions of tokens per week. Capacity is planned to increase from 54 MW to 200+ MW by 2027.
Along with the $650 million raised in June, the company has raised approximately $1 billion in three months. The funds are being used for NVIDIA clusters for training and inference.
Groq's first iteration remains the platform's best case study of last year: the M&A deal with NVIDIA brought us and our investors X6.
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