Groq AI set to raise $300M in a Series D funding round led by BlackRock, Social Capital, Tiger Global, and D1 Capital for generative AI products
PRIVATEJul 01, 2024
Amount Raised
$300 Million
Round Type
Series D
Mountain ViewManufacturingHardwareSoftware
Investors
D1 CapitalTiger GlobalSocial CapitalBlack Rock
Description
Groq AI, a Mountain View-based startup, is aiming to raise $300 million in the Series D preferred stock round at a post-money valuation of $2.5 billion. The funding will be led by BlackRock, Social Capital, Tiger Global, and D1 Capital to power generative AI products.
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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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Mountain ViewManufacturingHardwareSoftware