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Venture Capital News: Groq Snares $640M Series D Funding

2024-08-05
MOUNTAIN VIEW, CA, Groq, a leader in fast AI inference, has secured a $640M Series D round.
Groq, a leader in fast AI inference, has secured a $640M Series D round at a valuation of $2.8B. The round was led by funds and accounts managed by BlackRock Private Equity Partners with participation from both existing and new investors including Neuberger Berman, Type One Ventures, and strategic investors including Cisco Investments, Global Brain's KDDI Open Innovation Fund III, and Samsung Catalyst Fund.
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