NEWS
Paul Hastings Advises Groq on Its $350 Million Fundraise to Continue to Build AI Inference Cloud
August 17, 2026
Paul Hastings LLP advised Groq, a global leader in AI inference, in connection with its $350 million Series A fundraise in new growth capital to accelerate the expansion of its AI inference cloud. The fundraise values the company at $3.5 billion. This latest round, together with the $650 million raised in June 2026, on which Paul Hastings also advised, brings the company’s recent funding to $1 billion.
Partners David Ambler and Ian Engstrand led the Paul Hastings team, which also included partner Alex Farr, of counsel Mary Wilbourn and Graham Rogers and associates Harriet Bryant and Kristen Casey.
Last year, Paul Hastings advised Groq on its nonexclusive licensing agreement with Nvidia for Groq’s inference technology.
More details are available here.
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