Digest | Groq | July 2025
Groq spoke to investors about raising between $300M and $500M at a $6B post-investment valuation to support a recent deal with Saudi Arabia. Groq told investors that the contracts in Saudi Arabia will help the company to drive about $500M in revenue in 2025—more than 5x YoY increase ($90M in 2024). If completed, the deal would double the startup’s post-investment valuation of $2.8 billion from an equity financing a year ago.
Groq launched its first European data center in Helsinki, Finland as part of the company's international expansion and goal to meet the rising demand for AI services across Europe. Groq's new Helsinki location was developed in partnership with Equinix, a major global data center provider.
Finland was chosen due to factors that make it ideal for large-scale data centers, including reliable energy infrastructure, abundance of renewable energy and a cool climate.