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Chronicles

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AI chip startup Groq raised a $640M Series D led by BlackRock at a $2.8B valuation, up from $1B after raising $300M in 2021, and adds an Intel executive as COO

Cisco and Samsung invested in the $640 million deal  —  Artificial intelligence startup Groq Inc. has raised $640 million in new funding …

Bloomberg Anne VanderMey

Discussion

  • @ozenhati Hatice Ozen on x
    For all the amazing devs asking for increased rate limits, this news = Groq capacity go BRRR 🚀
  • @basedbeffjezos @basedbeffjezos on x
    In other news, AI chip stonks gonna stonk
  • @morqon Morgan on x
    groq raises $640m - $2.8b valuation - 350k registered developers - forecasts: • 100k chips deployed by Q2 2025 • 1.5m by end of 2025 but... - won't break even for ~2 years - “we found it hard to sell hardware”
  • @lifebypixels Mark Heaps on x
    Exciting news at @GroqInc official today! $640m fund raised in a series D round. We will be deploying more than 100k LPUs to meet growing demand and to produce our next, even faster, 2nd gen LPU. Thank you dev community for showing the world what is possible with Groq. ⚡🚀
  • @nihalmehta Nihal on x
    proud of our bud sunny and grateful to be along for this ride 🚀🚀🚀
  • @sundeep Sunny Madra on x
    Since joining forces in March, we've been dedicated to creating the fastest, most developer-friendly, and cost-effective AI inference solutions with GroqCloud With this new funding, we're poised to accelerate our growth, expand our capacity, and introduce even more models and
  • @chamath Chamath Palihapitiya on x
    After 8 years of toil, with several wins and losses in between, I think @GroqInc may finally have the capital and key leadership in place to try and build a big company. The next few quarters will be critical.
  • @groqinc @groqinc on x
    Proud to share our Series D Funding announcement, led by BlackRock Private Equity Partners. We will: - Add capacity - there's huge developer demand - Continue hiring exceptional talent - Accelerate our next-gen LPU Groq speed is leading the way in instant AI inference. Thanks for