Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation

AI Chip Startup Grock Confirmed Wednesday that it raised a new $ 750 million funds to evaluate $ 6.9 billion.

This To the top of the number of rumors When the sound was leaked in July, Gock was raising. At that time, the report said that this raising would be about $ 600 million, evaluating about $ 6 billion.

Gark, which sells the power center computing energy before Collect $ 640 million in a $ 2.8 billion evaluation In August 2024, it makes more than twice the evaluation in about one year. Pitchbook estimates that Gock has now collected more than $ 3 billion.

GRQ was a hot product because it is working to break the chokehold on the II chip maker Nvidia technology industry. GROQ’s chips are not GPUs, a graphics processing unit that usually strengthens AI systems. Instead, Groq is called their LPU, (language processing unit) and its hardware is called an estimate engine – specialized computers are favorable to run AI models quickly and efficiently.

Its products are developed and prepared towards the initiative, it is available as a cloud service or an on-product hardware cluster. On-Prime Hardware is a server rack that is equipped with a stack of integrated hardware/software nodes. Both cloud and on-prime hardware run open versions of popular models such as Meta, DIPSEC, Queen, Mistral, Google and Openai. Gock says its offers maintained AI performance at a significantly lower cost than alternative or improved in some cases.

Gock founder Jonathan Ross has a special relevant clan for this work. Ross previously worked on Google developed its tension processing unit chip, which is a special processor designed for machine learning work. TPU was announced in 2016, the same year Gock Grown from the stealthThe Kind Still Power Google Cloud’s AI services.

GRK says that it is now more than 2 million developers to power AI applications, while the company is more than 356,000 developers than developers Talks to Techcunch A year ago.

The investment agency led by the new round, including Blackork, Newburgar Burman, Deutsche Telecom Capital Partners and others, additional funds, were disrupted. Existing investors, including Samsung, Cisco, D1 and Altime, have also joined the round.