Groq raised $640 million in August 2024 at a $2.8 billion valuation, $750 million in September 2025 at $6.9 billion, and $650 million in June 2026, alongside a $1.5 billion Saudi commitment announced February 2025 tied to a Dammam data center. A later Reuters page renders the Saudi figure as $15 billion; the atlas treats $1.5 billion as the originally reported commitment. Nvidia agreed to acquire Groq's assets for about $20 billion in cash, its largest purchase on record, while Groq characterized it as a non-exclusive licensing agreement without disclosing a price. Groq operates 13 data centers with a 200MW target by end-2027.
Reported and guided spending
Where Groq builds
| Site | State | Place | Capital | MW | Status | Sources |
|---|---|---|---|---|---|---|
Dammam data center with Saudi Arabia |
Saudi Arabia | Dammam | $1.5B | n.a. | announced |
Financing transactions
Transactions that name Groq as a party or attach to one of its named sites. Amounts are as stated, and overlapping commitments are never summed.
| Parties | Instrument | Amount | Date | Site | Sources |
|---|---|---|---|---|---|
Nvidia + Groq Nvidia agreed to buy AI chip startup Groq for about $20 billion, structured as an asset purchase with a non-exclusive license, an approximately $20 billion asset purchase. Nvidia held $60.6B cash at end-October per the same report. |
acquisition | ~$20.0B | December 24, 2025 |
n.a. |
|
Groq + Saudi Arabia Saudi commitment tied to a Dammam data center, with approximately $500 million of Saudi contract revenue expected per the later Reuters page. |
other | ~$1.5B | announced February 10, 2025 |
Dammam data center (Saudi Arabia) |
|
Groq + Disruptive + BlackRock + Neuberger Berman + Samsung + Cisco + Altimeter + 1789 Capital Round led by Disruptive with BlackRock, Neuberger Berman, Samsung, Cisco, Altimeter and 1789 Capital participating. |
equity raise | $750M | September 17, 2025 |
n.a. |
|
Groq + Disruptive + Infinitum Raise to scale Groq's AI inference cloud business, with 13 data centers and a 200MW target by end-2027. |
equity raise | $650M | June 22, 2026 |
n.a. |
|
Groq + BlackRock Private Equity Partners + Cisco + Samsung Catalyst Round led by BlackRock Private Equity Partners with Cisco and Samsung Catalyst. |
equity raise | $640M | August 2024 |
n.a. |
|
Groq + Disruptive + Nvidia Groq raised $350 million to fund its pivot from AI chip design to operating a cloud of Nvidia systems, following a $650 million round in June 2026. Groq said it operates 13 data centers across North America, Europe, the Middle East and Asia Pacific and intends to scale from 54 MW to more than 200 MW in 2027 |
equity | $350M | Announced 17 August 2026 |
n.a. |
Sourced facts on Groq
- The two Reuters figures for the Saudi commitment conflict ($1.5 billion originally, '$15 billion' on a later page); the atlas flags the discrepancy in-line and treats $1.5B as originally reported.
- Groq operates 13 data centers with a 200MW target by end-2027, following a December 2025 non-exclusive Nvidia licensing agreement; it had been targeting $500 million of revenue for the year, with approximately $500 million of Saudi contract revenue expected per Reuters.
- Groq's North American data center-level MW and site names beyond the 13-facility/200MW aggregate are n.a.
Sources for Groq
Every source cited on this page, once each.
- reuters.comReuters
- reuters.comReuters
- cnbc.comCNBC
- groq.comGroq
- techcrunch.comTechCrunch
More in the Index
Capital figures come from the Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so each figure appears as its source states it and none are added into a single deployment number. Informational, not investment advice.
Seven references, one system
Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it.