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 has made significant strides in its business operations. The company acquired Definitive Intelligence to scale its cloud platform and launched GroqCloud. Additionally, Groq's AI chip system achieved a performance milestone of 800 tokens per second on Metaâs LLaMA 3. The company also reported a substantial increase in its developer base, surpassing 280,000 users in four months. Furthermore, Groq is nearing a $2.2 billion valuation deal with BlackRock.
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.
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