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Groq

Invest in Groq

Artificial Intelligence

Founded: 2016

Headquarters: Mountain View, California

wow.groq.com

Status

Available

Last Round Valuation

$50 Billion

Share Price

$50.00

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About
Summary
Valuation

About Groq

Groq is a real-time AI inference company and the creator of the LPU Inference Engine, the fastest language processing accelerator on the market. It is architected from the ground up to achieve low latency, energy-efficient, and repeatable inference performance at scale. Customers rely on the LPU Inference Engine as an end-to-end solution for running Large Language Models and other GenAI applications at 10x the speed.

Key Facts

Groq is a real-time AI inference company and the creator of the LPU Inference Engine, the fastest language processing accelerator on the market. Groq is addressing the need for efficient and specialized AI inference processing. Their chips are designed to optimize the performance of servers running already-developed AI applications, rather than focusing on the training phase of AI models. This specialization can lead to faster processing, lower costs, and potentially lower energy consumption compared to general-purpose chips that are also used for training. Customers rely on the LPU Inference Engine as an end-to-end solution for running Large Language Models and other GenAI applications.

Groq currently supports 80,000 developers on its GroqCloud for real-time LLM inference, with 22,000 new applications running, and has secured significant deals including with Saudi Aramco for a large LPU deployment and an unnamed partner to distribute over 10% of the 1.5 million LPUs planned by 2025. The company anticipates that by next year, its deployed LPUs will match the combined computing power of all hyperscalers, already holding a substantial share of that goal.

In March 2024, Groq acquired Definitive Intelligence, a company redefining how businesses utilize data and empowering organizations to unlock actionable insights – all powered by AI.

According to The Information in May 2024, Groq has told investors it wants to raise about $300 million. It has tapped Morgan Stanley to help with the fundraising and the new round would roughly double its total funding. Groq aims to secure investor funding by month-end, with an SPV manager estimating its value at over $3 billion.

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Summary

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Customers

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Key Investors

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Size of Market

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Market Position

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Industry

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Primary Vertical

Artificial Intelligence

Employees

500

Mosaic Score

840

Money

760

Momentum

850

Management

760

Market

960

What is a Mosaic Score?

Key Officers

Name Work History Title Status
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current

Valuation

Valuation Over Time

chart

Last Round

Sept. 2019, Series B1

Valuation Post-Money

$400.2M

Amount Raised

$2.5M

Total Funds Raised

$75.2M

Implied Valuation

$84M

Funding Rounds

Date Round Amount Valuation Investors
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here

Competitive Landscape

Company Valued Revenue
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$2.8B $1.3B
Coinbase
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$2.8B $1.3B
Coinbase
San Francisco, CA
$2.8B $1.3B

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