Groq, a Silicon Valley-based AI inference company, has secured $750 million in new financing, bringing its post-money valuation to $6.9 billion. The funding round, led by Disruptive and including investments from Blackrock and Neuberger Berman, will be used to support Groq’s global expansion and meet the surging demand for AI compute.
Founded in 2016, Groq develops and offers high-speed, low-latency AI inference technology. The company’s products, the on-demand GroqCloud Platform and the on-premise GroqRack Cluster, are powered by its proprietary Language Processing Unit, or LPU. Groq’s technology is designed to deliver fast and affordable AI inference and is used by over 2 million developers and Fortune 500 companies.
Looking ahead, Groq plans to use the new capital to fuel “explosive growth,” building on its existing data centers across North America, Europe and the Middle East.
