Groq has raised $650 million in growth funding to accelerate the expansion of its AI inference cloud, betting that demand for real-time AI computing will continue to surge as enterprises move beyond experimentation. Led by Disruptive and Infinitum, the financing will help expand the company's network of 13 global data centers and increase capacity toward 200 megawatts by the end of 2027. Alongside the funding, Groq has strengthened its executive team with experienced infrastructure and enterprise software leaders to support its next stage of growth.
The company has appointed Alan Rice as Chief Operating Officer, bringing experience from xAI and Meta Datacenters. Sinclair Schuller and Rakesh Malhotra will join as Chief Technology Officer and Chief Product Officer, respectively, after previously founding enterprise cloud platform Apprenda, which was acquired by Atos, and software firm Nuvalence, which EY acquired in 2024. Malhotra also spent roughly a decade leading cloud and enterprise infrastructure products at Microsoft.
The expansion builds on Groq's strategic focus on AI inference following its December 2025 licensing agreement with NVIDIA, whose LPX platform incorporates Groq's technology. Today, the company serves more than five million developers through 13 data centers across North America, Europe, the Middle East, and Asia-Pacific. Infinitum Chief Investment Officer John Yetimoglu said demand for AI inference infrastructure will continue to grow as enterprises move "from experimentation to production."
