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AI Chip Startup Groq, Founded By Ex-Googlers, Raises $300 Million To Power Autonomous Vehicles And Data Centers
Courtesy of Groq
Jonathan Ross left Google to launch next-generation semiconductor startup Groq in 2016. Today, the Mountain View, California-based firm said that it had raised $300 million led by Tiger Global Management and billionaire investor Dan Sundheim’s D1 Capital as it officially launched into public view. The new funding values Groq at more than $1 billion – though just how much more Ross declined to say
Over the past five years, Groq developed its first AI chip and got it into the market, with customers in both data centers and autonomous vehicles, with help from $67 million funding. It’s now working on a second-generation offering that it plans to get into production. “We have a lot more customer interest than we can service,” says Ross, the company’s chief executive officer.