Groq Inc., a leading innovator in compute accelerators for artificial intelligence (AI), machine learning (ML) and high performance computing, today announced that it has closed its Series C fundraising. Groq closed $300 million in new funding, co-led by Tiger Global Management and D1 Capital, with participation from The Spruce House Partnership and Addition, the venture firm founded by Lee Fixel. This round brings Groq's total funding to $367 million, of which $300 million has been raised since the second-half of 2020, a direct result of strong customer endorsement since the company launched its first product.
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Company Information
Company
Groq AI
Location
400 Castro St
Mountain View, California, United States
About
Groq AI is a startup based in Mountain View, California, founded in 2016 by ex-Google hardware executive Jonathan Ross. The company specializes in making chips and software designed to power generative AI products and claims that its chips are faster and cheaper than traditional hardware. Their goal is to compete with AI chip supplier Nvidia.
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