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WHTop → 📋 News → Groq Secures $640M to Address Growing Demand for Rapid AI Inference
Groq Secures $640M to Address Growing Demand for Rapid AI Inference
📅 - Groq, a prominent player in fast AI inference, has secured a substantial $640 million in a Series D funding round, elevating the company's valuation to $2.8 billion. This round was spearheaded by funds and accounts managed by BlackRock Private Equity Partners, with additional contributions from existing and new investors including Neuberger Berman, Type One Ventures, and strategic investors such as Cisco Investments, Global Brains KDDI Open Innovation Fund III, and Samsung Catalyst Fund.
The funding would underscore the increasing demand for Groqs vertically integrated AI inference platform, known for its exceptional speed.
Samir Menon, Managing Director at BlackRock Private Equity [...][... Check source for end of article ...]
Tags: AI
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