Groq
Groq develops high-performance AI inference technology, featuring its custom LPU and GroqCloud platform, used by over one million developers.
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Company Description
Groq is an AI company focused on developing high-performance, low-latency hardware for artificial intelligence workloads. The company’s core product is its Language Processing Unit (LPU), a custom-designed chip built specifically for the computational demands of AI inference, which is the process of running a trained model to make a prediction. This technology powers the GroqCloud platform, which is used by a growing community of developers for building and scaling AI applications. Founded in 2016 by Jonathan Ross, the company has expanded its technological base through strategic acquisitions, including data-flow computing specialist Maxeler Technologies in 2022 and business intelligence platform Definitive Intelligence in 2024.
The company is positioning itself to challenge established players in the AI chip market by offering what it claims is significantly faster and more affordable performance for running large language models. This ambition is backed by a major Series D funding round that closed in August 2024, led by BlackRock. Groq is also expanding its global footprint through key partnerships, such as providing the high-performance compute for Bell's AI Fabric in Canada and collaborating with Master Works to support digital transformation in Saudi Arabia. Real-world applications are demonstrating the hardware's capabilities, with customers like the semantic search engine Clado using Groq to run 10,000 concurrent language model calls at once.
- Tiger Global
- BlackRock
- D1 Capital
- Addition
- Cisco
- Neuberger Berman
- Spruce House
- Founder, CEO Jonathan Ross
Peer Group Comparison
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How Groq Measures Up
To help you manage your Groq equity, Prospect has run the company through our machine learning model.
Prospect Rating
TBD
We are currently evaluating Groq and are still gathering the necessary data for our rating. Please check back soon for our four-year projection of the company's value.
Exit Risk
TBD
We are still gathering data on Groq to train our machine learning model. Check back soon for our exit risk rating for Groq!
Funding Stage
Series D
As a Series D company, Groq has moved past the initial startup hurdles and is now focused on scaling up its operations. For a potential employee, this suggests a more stable company with a proven track record, offering a chance to contribute to significant growth.
Frequently Asked Questions
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Is Groq worth joining?
Deciding whether to join a company like Groq depends on your personal career goals and risk tolerance, as well as the company's growth potential and the specifics of your equity offer. Platforms like Prospect can help you evaluate the opportunity by providing data-driven projections and comparing it to other top-performing startups.
What should I do with my Groq stock?
Managing your Groq stock effectively involves understanding your equity type, vesting schedule, and the tax implications of exercising or selling your shares. You can use Prospect's tools to model different scenarios, optimize for taxes, and make informed decisions about your equity.
Can you sell Groq stock?
As Groq is a private company, you generally cannot sell your stock on a public exchange like the NYSE or NASDAQ. However, opportunities to sell may arise through company-approved tender offers or on secondary markets, and Prospect provides data on secondary market pricing to inform your decisions.
How can I find the value of my Groq stock?
The value of stock in a private company like Groq is typically determined by its latest 409A valuation or the price set during its most recent funding round. To get a more forward-looking estimate, you can use a platform like Prospect, which uses VC-grade models to project the future worth of your equity.
What is Groq's equity worth?
The current "paper" value of Groq's equity is based on its last private valuation, but its true future worth depends on the company's continued growth and eventual exit. Prospect's platform is designed to help you understand this potential future value by providing independent, data-driven projections.
What is Groq's stock ticker symbol?
Since Groq is a private company and not publicly traded on a stock exchange, it does not have a stock ticker symbol. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO) and list on an exchange.
Can I buy or sell Groq stock?
Buying stock in a private company like Groq is typically limited to accredited investors in funding rounds or employees exercising their options. Selling is sometimes possible through secondary markets or company buybacks, and a tool like Prospect can help you understand the tax implications and potential value of such transactions.
What is the criteria to buy or invest in Groq stock?
Investing in a private company like Groq is generally restricted to employees receiving equity compensation or accredited investors who are invited to participate in private funding rounds. For employees, Prospect offers resources to evaluate the equity offer and compare it against other opportunities in the startup market.
