Groq is seeking a Series B at an $8 billion pre-money valuation for its inference-cloud business, compared with $3.15 billion before its August round, Investing.com reported, citing Bloomberg’s review of investor documents.
Groq provides the computing capacity developers and enterprises use to run trained AI models. In June, the company said it had refocused on operating an inference cloud following its December 2025 technology-licensing deal with Nvidia. That agreement provided for founder Jonathan Ross and other staff to join Nvidia while Groq stayed independent.
Executive chairman Alex Davis pitched rising profit margins without substantial leverage and said new funding would support demand under short- and medium-term customer contracts, according to the report. It did not specify the amount sought.
Groq said in August that it operated 13 data centers across North America, Europe, the Middle East and Asia Pacific and served more than six million developers. It projected an expansion from 54 megawatts to more than 200 megawatts in 2027.