Groq raises $350 million at $3.5 billion valuation after Nvidia deal

Groq closed a $350 million funding round led by Disruptive, with planned Nvidia participation, valuing the company at $3.5 billion as it pivots from proprietary LPU chips to operating Nvidia-based inference and training clusters as a neocloud provider. The capital supports expansion from 54 MW toward more than 200 MW of capacity across existing data centers serving millions of developers and enterprises. This reflects ongoing capital flows into specialized AI inference infrastructure amid industry consolidation.