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
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
07/01/24, 9:10 PM
Location
mountain viewMoney raised
$300 million
Industry
manufacturing
Round Type
series d
Investors
D1 Capital, Tiger Global, Social Capital, Black Rock
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 Info
Location
400 castro st
mountain view, california, united states
Additional Info
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.