Groq Executive Chairman Seeks $8 Billion Valuation in Series B Pitch

Groq LLC Executive Chairman Alex Davis approached investors about a Series B financing at an $8 billion pre-money valuation, testing demand for AI infrastructure as data center shares came under pressure. A pre-money valuation excludes the funds raised in a new round. The proposed $8 billion figure is about 2.5 times Groq’s comparable August value of $3.15 billion. Groq raised $350 million in that Series A round at a $3.5 billion post-money valuation, which included the new funding. It also raised $650 million in June. Groq operates data centers that provide computing capacity for AI inference, the process of running trained AI models. At its August funding announcement, the company operated 13 data centers across North America, Europe, the Middle East and Asia Pacific.

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