Groq, founded in 2016 and based in San Jose, California, United States, has raised $1.75 billion in total funding and reached a $2.8 billion valuation after its $750 million Series E round in 2025. Earlier, the company raised $300 million Series C in 2021 led by Tiger Global, D1 Capital, and BlackRock. With 288 employees, Groq develops high-performance AI inference platforms including GroqCloud and GroqRack, built on its custom LPU architecture for deterministic, scalable, low-latency computing.