Groq raises $640M Series D at a $2.8B valuation led by BlackRock

Groq/LPU and GroqCloud

Groq raised $640 million led by BlackRock at a $2.8 billion valuation, with Cisco, KDDI and Samsung participating. The company planned to deploy over 108,000 LPUs by Q1 2025, and announced Samsung would make its next-generation 4 nm LPU.

• $640M Series D led by BlackRock at $2.8B valuation, more than doubling the previous $1B valuation from April 2021.
• Groq planned deployment of 108,000+ LPUs by Q1 2025; Samsung to manufacture next-generation 4 nm LPU chips.
• Meta's chief AI scientist Yann LeCun joined as technical advisor; Stuart Pann, former Intel Foundry head, became COO.