Groq, a Silicon Valley-based artificial intelligence (AI) chip startup, has raised $750 million in new financing at a post-money valuation of $6.9 billion. This funding round further solidifies Groq's position in the competitive AI hardware market, where numerous startups are vying for a share of the substantial investments flowing into AI technologies. ### About Groq Groq was founded by Jonathan Ross, a former Alphabet engineer. The company specializes in developing high-speed inference chips designed specifically for AI applications. Groq's **LPU Inference Engine** is a hardware and software platform that delivers exceptional compute speed, quality, and energy efficiency. This platform powers GroqCloud, a full-stack solution for fast, affordable, and production-ready AI inference. ### Funding and Investors The latest funding round was led by Disruptive, with significant contributions from Blackrock, Neuberger Berman, Deutsche Telekom Capital Partners, and a large U.S.-based West Coast mutual fund manager. Other notable investors include Samsung, Cisco, D1, Altimeter, 1789 Capital, and Infinitum. This round comes after Groq raised $640 million in a Series D funding round last year, bringing its valuation to $2.8 billion at that time. ### Strategic Focus "Inference is defining this era of AI, and we're building the American infrastructure that delivers it with high speed and low cost," Jonathan Ross, Groq's Founder and CEO, noted. Groq's focus on inference aligns with the growing demand for AI systems that can efficiently process and apply machine learning models in real-world applications. To learn more about Groq and its innovative AI solutions, visit the company's website at [Groq](https://groq.com). For investment opportunities, platforms like [OurCrowd](https://www.ourcrowd.com/companies/groq) provide access to early company shares.
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