Groq, an AI chip startup, raised $650 million in a Series C funding round led by Disruptive and Infinitum, with participation from existing investors. The round was announced on June 22nd and brings fresh capital to accelerate the company's infrastructure expansion strategy.

The funding will be deployed to upgrade existing datacenter infrastructure and deploy Nvidia's latest LPX systems. This represents a significant commitment to the computational capacity needed to support Groq's inference cloud offerings.

Groq targets expanding its total installed capacity to 200 megawatts by the end of 2027. This capacity target underscores the competitive buildout race in AI inference infrastructure, as providers race to provision power-intensive computing environments to meet growing demand for large-scale AI deployment.