Groq has raised another $350 million at a $3.5 billion valuation in a round led by Disruptive, with Nvidia slated to participate, bringing the company's fundraising over roughly two months to $1 billion as it shifts from developing its own LPU chips to AI inference cloud infrastructure. The valuation is about half the $6.9 billion Groq reached last September, before Nvidia licensed the company's inference technology and hired founder Jonathan Ross, president Sunny Madra and other core team members, prompting a strategic reset. Groq is now an Nvidia certified cloud partner, says it operates 54 megawatts of data center capacity across 13 data centers and plans to exceed 200 megawatts by 2027, with the new funds aimed at supporting Nvidia accelerated computing clusters for training and inference. Groq has previously described the lower pricing as a reset rather than a traditional down round, but the move underscores how a former chip challenger has been recast as Nvidia's customer, partner and portfolio company in the capital-intensive neocloud market.