About Groq
Groq radically simplifies compute to accelerate workloads in artificial intelligence, machine learning, and high-performance computing.
Headquarters
Groq, Mountain View
Founded
2016-01-01
Industry
Artificial Intelligence (AI), Electronics, Machine Learning, Semiconductor
Last Funding Type
Series D
Valuation
4
Total Funding
$1.00 billion dollars
IPO Status
Private
Financial
Groq, a company specializing in AI chips, is set to raise $300 million in a new funding round, potentially doubling its valuation to $2.5 billion. The company has also launched Llama 3.1 models powered by its LPU AI inference technology and claims record-breaking adoption of 280,000 developers in just four months.
Funding Rounds
6
Number of Lead Investors
6
Total Funding Amount
$1.00 billion dollars
Number of Investors
45