Groq is reportedly raising $650 million in new funding from existing investors, according to Axios via TechCrunch...

Groq is reportedly raising $650 million in new funding from existing investors, according to Axios via TechCrunch (source). This comes after a $20 billion deal with Nvidia in December where Nvidia licensed Groq's technology and hired some senior employees. The new funds are intended to support Groq's inference cloud business, GroqCloud, which lets developers and enterprises host inference-hungry apps. The round is reportedly guaranteed by existing backers Disruptive and Infinitium if other investors do not take their pro-rata shares.

On its website (source), Groq emphasizes its LPU-based inference stack as offering low latency and cost efficiency, and highlights a partnership with McLaren F1. The funding will enable Groq to expand its data center presence and compete in the high-demand inference market. This move signals strong investor confidence and a focus on neocloud growth.