Funding Details
- Awarder
- RSS - techcrunch.com
- Date Award
- August 01, 2024
- Vertical
- AI Chips
- Funding URL
- View Funding Page
- Premoney Valuation
-
$1,500,000
- Valuation
-
$2,800,000
Company Info
- Founding Year
- 2016
- Traction
- As of July, GroqCloud had more than 356,000 developers, with over 75% of the Fortune 100 represented among its users.
- Organizations Involved
- U.S. government agencies, Fortune 100 companies
- Founders
- Jonathan Ross, Douglas Wightman
- Company Description
- Groq is developing chips to run generative AI models faster than conventional processors, specifically creating what it calls an LPU (language processing unit) inference engine. The company claims its LPUs can run existing generative AI models at 10x the speed and one-tenth the energy compared to traditional processors.
- Market
- Generative AI
- Location
-
Mountain View,
CA,
US
- Coinvestors
- Blackrock, Neuberger Berman, Type One Ventures, Cisco, KDDI, Samsung Catalyst Fund
Links