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AI chipmaker Groq raises $300M in Series C round


AI chipmaker Groq raises $300M in Series C round
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Artificial intelligence and machine learning chip startup Groq Inc. said today it has raised $300 million in a new round of funding that brings its total amount raised to $367 million.
The Series C round was co-led by Tiger Global Management and D1 Capital, and also saw the participation of The Spruce House Partnership, Addition, GCM Grosvenor, Xⁿ, Firebolt Ventures, General Global Capital and Tru Arrow Partners. Previous investors TDK Ventures, XTX Ventures, Boardman Bay Capital Management and Infinitum Partners also participated with follow-on investments.
Groq has developed what it calls a “tensor streaming processors” that it claims is the fastest single-core chip in the industry, tailor-made for running AI training tasks. If the term “tensor processing” sounds familiar, that’s because Groq’s founders include a couple of key individuals, including Chief Executive Jon ....

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