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

Jul 01, 2024•over 1 year ago

Amount Raised

$300 Million

Round Type

series d

Mountain ViewManufacturing

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.

Company Information

Company

Groq

Location

400 Castro St

Mountain View, California, United States

About

Groq is fast AI Inference. The Groq LPU™ AI Inference Technology delivers exceptional compute speed, quality, and energy efficiency. Groq, headquartered in Silicon Valley, provides cloud and on-prem inference at scale for AI applications. The LPU and related systems are designed, fabricated, and assembled in North America.

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Funding Insights

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