Groq Closes $300 Million Fundraise

– Groq announced closing $300m in Series C fundraising.
– The round was led by Tiger Global Management and D1 Capital, with participation from The Spruce House Partnership, Addition, GCM Grosvenor, Xⁿ, Firebolt Ventures, General Global Capital, and Tru Arrow Partners.
– The round brings Groq’s total funding to $367m.
– By maintaining capital efficiency, this latest funding allows Groq to grow across industries while elevating the company’s efforts to hire top talent and accelerating its next-generation products in development.
– According to multiple published analyst reports, the total available market for AI semiconductors is projected to reach $65bn to $100bn by 2025.