Fundz

Groq Closes $300 Million Fundraise

PRIVATEApr 14, 2021

Round Type

Funding Round

Mountain ViewManufacturingHardwareSoftware

Description

Groq Inc., a leading innovator in compute accelerators for artificial intelligence (AI), machine learning (ML) and high performance computing, today announced that it has closed its Series C fundraising. Groq closed $300 million in new funding, co-led by Tiger Global Management and D1 Capital, with participation from The Spruce House Partnership and Addition, the venture firm founded by Lee Fixel. This round brings Groq's total funding to $367 million, of which $300 million has been raised since the second-half of 2020, a direct result of strong customer endorsement since the company launched its first product.

Quick answer

Groq AI raised an undisclosed amount in a Funding Round round, dated April 14, 2021. Groq AI is based in Mountain View, California, United States.

How much did Groq AI raise?
Groq AI raised an undisclosed amount in a Funding Round round on April 14, 2021.
What does Groq AI do?
Groq AI is a startup based in Mountain View, California, founded in 2016 by ex-Google hardware executive Jonathan Ross.
Where is Groq AI based and how big is it?
Groq AI is based in Mountain View, California, United States. Fundz records about 262 employees.
Who are the decision-makers at Groq AI?
Fundz holds 1 contact at Groq AI, including the Executive Officer, Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Manufacturing around the same time

Companies in the same sectors as Groq AI that raised within 45 days of this round, from Fundz verified event records.

  • SambaNova raised $676M (Series D) on April 13, 2021.
  • Osaro, Inc. raised $17M on April 1, 2021.
  • ESO raised an undisclosed amount (Corporate Round) on March 26, 2021.
  • SiMa.ai raised $80M on May 26, 2021.
  • TWAICE raised $26M (Series B) on May 19, 2021.
  • Edge Impulse raised $15M on May 18, 2021.

Who to call at Groq AI, and when

A new round usually means Groq AI is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Groq AI

Location

400 Castro St

Mountain View, California, United States

About

Groq AI is a startup based in Mountain View, California, founded in 2016 by ex-Google hardware executive Jonathan Ross. The company specializes in making chips and software designed to power generative AI products and claims that its chips are faster and cheaper than traditional hardware. Their goal is to compete with AI chip supplier Nvidia.

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Related People

1 contact
Verified contactsJonathan R., Executive Officer, DirectorSee plans and pricing
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Groq AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.