Groq
It develops AI chips for organizations building and running AI workloads, positioning its hardware as infrastructure for the AI compute market.
Overview
Groq is an AI chip startup focused on compute infrastructure for artificial intelligence. Its products target companies and developers that need specialized hardware to build or run AI workloads, placing the company in a competitive market defined by demand for faster and more efficient AI processing. The company has raised a reported $650M in an undisclosed round dated May 29, 2026. The financing was reported in the context of heightened strategic activity in AI chips, including Nvidia’s reported $20B not-acqui-hire, underscoring investor interest in AI compute suppliers.
Funding History
Groq raised a Series C round to scale development and commercialization of its AI accelerator systems, reportedly valuing the company at over $1 billion.
After Nvidia’s $20B not-aqui-hire, AI chip startup Groq reportedly raising $650M
Groq raised Series D funding to expand capacity for its language processing unit inference platform and GroqCloud services.
Groq raised Series B funding as it came out of stealth with its tensor streaming processor architecture for AI workloads.
Groq raised an early Series A round to develop its AI inference chip technology after being founded by former Google TPU engineers.
Frequently Asked Questions
- How much funding does AI Funding track for Groq?
- AI Funding tracks $1.7B for Groq across 5 funding rounds in this database.
- Who are Groq's investors?
- Groq's investors include Tiger Global, Social Capital, BlackRock Private Equity Partners, D1 Capital Partners, Disruptive, and 1 others.
- What does Groq do?
- Groq is an AI chip startup focused on compute infrastructure for artificial intelligence. Its products target companies and developers that need specialized hardware to build or run AI workloads, placing the company in a competitive market defined by demand for faster and more efficient AI processing. The company has raised a reported $650M in an undisclosed round dated May 29, 2026. The financing was reported in the context of heightened strategic activity in AI chips, including Nvidia’s reported $20B not-acqui-hire, underscoring investor interest in AI compute suppliers.
- Where is Groq headquartered?
- Groq is headquartered in Mountain View, United States.
Investors
Related Insights
A data-driven analysis of AI funding across all 17 sectors — from Foundation Models to AI Healthcare — with sector totals, deal counts, top companies, and investment trends for 2026.
Thrive Capital has led funding rounds for OpenAI, Databricks, Perplexity, and Cursor. We analyze the firm's concentrated AI investment strategy and $25B+ portfolio.
Gimlet Labs raised $80M Series A in March 2026. Deep dive into how this AI inference optimization startup is solving the bottleneck slowing down AI deployment.