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Groq AI set to raise $300M in a Series D funding round led by BlackRock, Social Capital, Tiger Global, and D1 Capital for generative AI products

PRIVATEJul 01, 2024

Amount Raised

$300 Million

Round Type

Series D

Mountain ViewManufacturingHardwareSoftware

Investors

D1 CapitalTiger GlobalSocial CapitalBlack Rock

Description

Groq AI, a Mountain View-based startup, is aiming to raise $300 million in the Series D preferred stock round at a post-money valuation of $2.5 billion. The funding will be led by BlackRock, Social Capital, Tiger Global, and D1 Capital to power generative AI products.

Quick answer

Groq AI raised $300 Million in a Series D round, dated July 1, 2024. Investors: D1 Capital, Tiger Global, Social Capital and Black Rock. Groq AI is based in Mountain View, California, United States.

How much did Groq AI raise?
Groq AI raised $300 Million in a Series D round on July 1, 2024.
Who invested in Groq AI?
D1 Capital, Tiger Global, Social Capital and Black Rock are named as investors in this round.
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.

  • Chromatic 3D Materials raised $5.8M on August 15, 2024.
  • Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
  • Virtuous raised $15M on August 1, 2024.
  • ZeroTier raised $14M (Series A) on July 29, 2024.
  • Tset raised $14M (Series A) on July 29, 2024.
  • Simple Energy raised $20M (Series A) on July 29, 2024.

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.

  • An alert the day Groq AI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Groq AI, from your own LinkedIn network

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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.