Tech Company Financing Transactions
Groq Funding Round
On 8/5/2024, Groq landed $640 million in Series D financing from BlackRock, Cisco Investments and KDDI.
Transaction Overview
Company Name
Announced On
8/5/2024
Transaction Type
Venture Equity
Amount
$640,000,000
Round
Series D
Investors
Proceeds Purpose
The company intends to use the funds to scale the capacity of its tokens-as-a-service (TaaS) offering and add new models and features to GroqCloud. It aims to deploy more than 100,000 additional LPUs into GroqCloud.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
400 Castro St. 600
Mountain View, CA 94041
USA
Mountain View, CA 94041
USA
Phone
Website
Email Address
Overview
Groq is a machine learning systems company building easy to use, high TOPS/Watt accelerators with sub-millisecond latency.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jonathan Ross
Chief Operating Officer
Adrian Mendes
Chief Technical Officer
Dennis Abts
Chief Technical Officer
Dinesh Maheshwari
VP - Bus. Development
Adam Tachner
VP - Engineering
Geert Rosseel
VP - Human Resources
Tobi Crabtree
VP - Marketing
Sander Arts
VP - Operations
Estelle Hong
VP - Product Management
William Leszinske
VP - Sales
Brian Holley
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