AI tech company Groq is negotiating a funding round of $600 million, potentially elevating its estimated value to $6 billion.

Groq, the AI chip startup founded by former Google employee Jonathan Ross, is reportedly in discussions to secure a substantial $600 million in new funding. If successful, this funding round could value the company at nearly $6 billion, marking a significant increase in its valuation.

The latest funding round is being led by Disruptive, an Austin-based firm. The company's strong Central European investor base includes CATRON Holding, DeepTech & Climate Fonds, Bayern Kapital, UVC Partners, Speedinvest, Apex Ventures, and previous investors such as Cisco, KDDI, Samsung Catalyst Fund, Neuberger Berman, and Type One Ventures.

Groq's growing presence in the AI industry is evident from its partnerships with key players. In April, the company partnered with Meta (the parent company of Facebook) to provide AI infrastructure for accelerating Llama 4 inference. This collaboration was followed by an exclusive partnership with Bell Canada, revealed in May, to support the telecommunication company's AI infrastructure initiative.

The partnerships with Bell Canada and Meta are part of Groq's ongoing efforts to support various AI projects. These partnerships demonstrate Groq's commitment to advancing AI technology and its growing influence in the industry.

Prior to August 2023, Groq had raised approximately $1 billion. In August of that year, the company raised $640 million at a valuation of $2.8 billion. This funding round, if successful, would further boost Groq's financial resources and potential for growth.

Bell Canada, a telecommunication company, has partnered with Groq for its AI infrastructure needs. Meta, too, has partnered with Groq to accelerate Llama 4 inference. These partnerships underscore the confidence major players have in Groq's technology and its potential to drive AI innovation.

As Groq continues to secure funding and form strategic partnerships, it is poised to make significant strides in the AI industry. The company's commitment to advancing AI technology and its growing influence among key players bode well for its future success.

AI tech company Groq is negotiating a funding round of $600 million, potentially elevating its estimated value to $6 billion.