PYMNTS.com August 5, 2024
Groq has raised $640 million in a Series D funding round to scale the capacity of its vertically integrated artificial intelligence (AI) inference platform.
The company will also use the new funding to add talent and accelerate the development of the next generation of language processing units (LPUs), according to a Monday (Aug. 5) press release.
“We intend to make the resources available so that anyone can create cutting-edge AI products, not just the largest tech companies,” Jonathan Ross, CEO and founder of Groq, said in the release. “This funding will enable us to deploy more than 100,000 additional LPUs into GroqCloud.”
GroqCloud is currently being used by more than 360,000 developers who are building on the platform and creating...
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