Recently, Groq, a pioneer in AI inference technology, announced a successful fundraising of $750 million, bringing its valuation to $6.9 billion. This round was led by the Texas-based investment firm Disruptive, and also received significant investments from Blackstone, Newport Capital, Deutsche Telekom Capital Partners, and a major U.S. West Coast fund manager. In addition, companies such as Samsung, Cisco, D1, Altimeter, 1789Capital, and Infinitum have continued to support Groq.
Image from the official website
Groq is committed to providing fast and cost-effective computing power worldwide, and has already served over 2 million developers and many Fortune 500 companies. The company has expanded its data center footprint in regions such as North America, Europe, and the Middle East to meet the growing market demand.
Jonathan Rose, founder and CEO of Groq, said: "Inference technology is defining this era of AI, and we are building American infrastructure that can deliver it efficiently and at low cost." Recently, the White House also issued an executive order emphasizing the promotion of the export of U.S. AI technology stacks and highlighting the application of U.S.-based AI technology globally. Groq is at the center of this transformation, with its U.S.-made inference infrastructure supporting developers and businesses around the world.
As a Texas-based investment company that has invested in some of the most transformative and successful companies over the past decade, Disruptive invested nearly $350 million in Groq. Alex Davis, founder and CEO of Disruptive, said: "As AI expands, the infrastructure that supports it will be as important as the models themselves. Groq is building this foundation, and we are very excited to collaborate with Jonathan and his team in this explosive growth phase."
Groq was founded in 2016 and focuses on building inference infrastructure. Its innovative LPU and GroqCloud platform aim to make computing faster and more cost-effective. Today, Groq has become an essential part of the U.S. AI technology stack, earning the trust of numerous developers and Fortune 500 companies around the world.
Official blog: https://groq.com/news/groq-raises-750-million-as-inference-demand-surges
Key points:
📈 Groq raised $750 million, reaching a valuation of $6.9 billion, and is dedicated to building global AI inference infrastructure.
🌍 Over 2 million developers and Fortune 500 companies rely on Groq for fast and cost-effective computing services.
🏗️ Groq is building efficient, low-cost U.S. inference infrastructure, driving the global application of U.S. AI technology.
