Groq announced that it has raised $650 million in new growth capital to accelerate the expansion of its AI inference cloud. The round was led by Disruptive and Infinitum, with participation from investors who chose to reinvest in the company.
Groq said the capital will support the expansion of its global AI inference cloud and help the company scale toward 200 megawatts by the end of 2027.
The company currently operates 13 data centers across North America, Europe, the Middle East, and Asia-Pacific.
Groq serves more than five million developers and thousands of AI-native companies, processing trillions of AI tokens each week.
The company said its current trajectory began in December 2025, when it entered into a non-exclusive licensing agreement with NVIDIA. At GTC, NVIDIA announced its next-generation LPX platform, which incorporates Groq’s inference technology.
Following those milestones, Groq’s board and lead investors worked with management to sharpen the company’s focus on building an AI inference cloud at scale.
The new capital will accelerate the fit-out of Groq’s existing footprint with its latest inference technology, including NVIDIA’s new LPX system.
Groq also strengthened its leadership team as it scales its inference cloud business. The company is led by CEO Adam Winter and CFO Matt Eng, with Alex Davis of Disruptive serving as Chairman.
The company also added Chief Operating Officer Alan Rice, who previously worked at xAI and Meta Datacenters after an earlier career in U.S. Navy nuclear submarine operations.
Starting in July, Groq is appointing Sinclair Schuller as Chief Technology Officer and Rakesh Malhotra as Chief Product Officer. Schuller founded enterprise cloud platform Apprenda, which was later sold to Atos, and co-founded Nuvalence with Malhotra, which was acquired by EY in 2024.
Groq said inference represents a larger long-term opportunity than training because running AI models in production is expected to require significantly more compute.
KEY QUOTES:
“Groq has spent years building the technology, infrastructure, and operational expertise required for the next phase of AI. Today, the company has a proven global platform, a world-class leadership team, and a clear strategy focused on one of the most important opportunities in technology: AI inference at scale. We believe that combination positions Groq to become a foundational layer of the AI economy.”
Alex Davis, Groq Chairman and Founder and Chief Executive Officer of Disruptive
“We believe inference will become the largest infrastructure market in technology. As AI moves from experimentation to production, demand for reliable, cost-efficient inference will continue to grow exponentially. Groq has the rare combination of differentiated technology, operating expertise, and global scale required to capitalize on that opportunity.”
John Yetimoglu, Groq Board Member and Founder and Chief Investment Officer of Infinitum
