Groq Nears $600 Million Round Led by Disruptive at $6 Billion Valuation

AI-chip startup Groq is in advanced talks to raise about $600 million in a new financing round that would value the company at roughly $6 billion, according to people familiar with the matter. Investment firm Disruptive is expected to lead the round and has already committed more than $300 million. Saudi Arabia’s Public Investment Fund is among the investors evaluating a participation in the deal, the people said. The fresh capital would deepen Groq’s war chest as competition intensifies in designing chips optimized for running large-language models and other artificial-intelligence workloads. The fundraising comes after Groq sharply reduced its 2025 revenue projection to a little over $500 million, down from an earlier target exceeding $2 billion, reflecting slower-than-expected customer adoption of its technology. The company last raised money at a $1.1 billion valuation in 2023.