Startup Groq continues to upscale AI efforts after raising US$640m in a Series D funding round.
Led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, the funding round has brought Groq’s total valuation to US$2.8bn. The new funding will go towards boosting the company’s capacity for compute required to run complex AI systems, according to CEO Jonathan Ross.
Headquartered in California, Groq specialises in producing AI inference chips. These are a highly sought-after type of semiconductor that is designed to optimise speed and executive commands of pre-trained AI models.
What makes the company unique is that it focuses on AI deployment by accelerating chatbot response times.
