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Groq Stock (GROQ)

Groq aims to deliver high-performance AI accelerators. According to Groq, their software-defined approach optimizes compute power for machine learning applications, achieving low latency and efficiency for developers.

Groq focuses on machine learning systems with high-performance compute accelerators. Sign up with EquityZen to access Groq’s current stock price.

About Groq Stock

Founded

2016

Headquarters

Mountain View, CA, US

Total Funding

1.2B

Industries

Hardware, Software, Data and Analytics

Groq develops compute accelerators for artificial intelligence and machine learning. The company claims to build high TOPS/Watt accelerators with sub-millisecond latency. Groq focuses on software-defined compute, silicon innovation and developer velocity. 

Groq was founded in 2016 by Jonathan Ross and is headquartered in Mountain View, CA with remote teams across the US and Canada. Notable investors include Social Capital, Tiger Global Management, and D1 Capital Partners. 

Groq Press Mentions

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Investors in Groq

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Groq Management

Leadership team at Groq

Chief Executive Officer

Jonathon Ross

Chief Technology Officer

Dinesh Maheshwari

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Groq Key Facts

• Groq operates in an industry that is growing at a 29% CAGR, which leaves it in a favorable position to expand its own total addressable market. 
• Groq is fiscally responsible with the capital it has raised through various rounds of fundraising. This is evidenced through a 2021 Forbes article highlighting that, “the company, founded by Jonathan Ross who’s part-time project at Google became the Tensor Processing Unit, sports a unique single core processor that produces deterministic latencies valued by automotive companies. Groq has been incredibly capital efficient, having produced its first platform spending only about $50M, akin to Google’s approach to TPU.”
• Alumni Ventures highlighted that, “in contrast to its competitors, Groq takes a compiler-led design approach, enabling their customers to easily and quickly deploy high-performance-per-watt systems. The ability to process immense amounts of data in a cost-effective and scalable manner are especially attractive to Groq’s prospective customers, including autonomous vehicle startups and some of the largest cloud service providers in tech.”
• The company has and experienced management team led by founder Jonathon Ross, who has previously worked on the TPU at Google.

• Given the larger upfront capital requirements to be successful in this industry, startups have a disadvantage compared to the incumbents who have ample cash reserves.
• Per CNBC’s 2017 article, “the research and development costs required to get a working prototype can be exorbitant. Then there’s manufacturing and the Herculean challenge of finding device makers to take a chance on unproven technology. Also, the incumbents — Intel, Qualcomm and Nvidia — are massive, and Google, Apple and Amazon are developing their own silicon.”
• Groq, like many of its competitors, operates as a fabless company. However, this does increase their dependence on existing foundry capacities to maintain optimal production levels.
• Larger macroeconomic concerns also play into this potential downside risks for Groq. These risks could include “changes in monetary policy, shifts in the regulatory or tax regime, and political or civil unrest.” 

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