This figure is much higher than previously predicted (vacuum 600 million USD, valuation nearly 6 billion USD).
Groq raised $640 million in August 2024, valuing it at $2.8 billion. Thus, the enterprise value has more than doubled in just one year. According to PitchBook, the company has successfully raised more than 3 billion USD.
Unlike Nvidia, which relyes on GPUs, Groq developed the LPU (Language Processing Unit) - a language processor optimized for AI reasoning. The company provides cloud or on-site hardware, supporting popular AI models from Meta, DeepSeek, Qwen, Mistral, Google and OpenAI. Groq affirmed that their solution helps maintain, even improve AI performance, while significantly reducing costs.
founder Jonathan Ross used to work at Google, where he developed tensor Processing Unit (TPU) chips for machine learning tasks. To date, Groq has supported AI applications for more than 2 million developers, a sharp increase compared to 356,000 users a year ago.
The new round of call has the participation of Disruptive (leading), BlackRock, Neuberger Berman, Deutsche Telekom Capital Partners and many other investors. extant shareholders such as Samsung, Cisco, D1 and Altimeter also continued to pour capital into Groq.
