# Groq confirms $650M raise

_Friday, June 26, 2026 at 3:50 PM EDT · Startups · Latest · Tier 2 — Notable_

![Groq confirms $650M raise — Primary](https://techcrunch.com/wp-content/uploads/2018/08/safetynet.jpg?resize=1200,1058)

SAN FRANCISCO (TechCrunch) -- Groq announced a $650 million funding round on Monday. The announcement was made on June 22, 2026, confirming earlier reports of the raise. Groq stated that it raised $650 million in new growth capital. The round was led by Disruptive, a Dallas-based late-stage investment firm founded by Alex Davis, who also serves as Groq's chairman, and Infinitum, a Fort Lauderdale hedge fund. The round included participation from investors who elected to reinvest in the company. Groq did not disclose its new valuation. The company was last valued at $6.9 billion following a $750 million round in September. The announcement originated from the company's San Francisco headquarters and was reported by TechCrunch the same day at 1:13 PM PDT. The article detailed the lead investors and noted the confirmation of prior reports from May. Groq's official statement on its newsroom site also dated the raise announcement to June 22, 2026. The funding is the subject of the TechCrunch article published on June 22, 2026. The piece by Julie Bort provided the details on the round and the previous valuation. This represents the confirmation of the $650 million raise by the company.

## Sources

- [TechCrunch](https://techcrunch.com/2026/06/22/ai-chipmaker-groq-confirms-650m-raise-re-staffs-after-nvidias-20b-not-acqui-hire-deal/)

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Canonical: https://techandbusiness.org/newswire/WMYow9Ig064KslncDNOo68
Retrieved: 2026-06-26T23:39:02.537Z
Publisher: Tech & Business (techandbusiness.org)