Groq has raised $650 million in growth funding, announced on June 22, 2026, as the AI inference company rebuilds its leadership and scales infrastructure after a major Nvidia partnership. The round was led by Disruptive and Infinitum, with existing investors reinvesting, while Disruptive founder Alex Davis also chairs Groq’s board. The financing follows a December 2025 non-exclusive licensing agreement with Nvidia valued at roughly $20 billion for Groq’s inference technology, a deal that was accompanied by Nvidia hiring several key Groq executives, including founder and CEO Jonathan Ross and president Sunny Madra. Groq said it is using the capital to expand its inference cloud, with a target of 200 megawatts of power capacity by the end of 2027. The company currently operates 13 data centers globally, serves more than five million developers, and processes trillions of AI tokens each week. Its Language Processing Unit, or LPU (inference-optimized AI chip), was built for inference workloads, and the Nvidia agreement will see Nvidia deploy its LPX platform using Groq’s technology while Groq also adopts LPX in its own facilities.