Tiger Global Management and D1 Capital led a $300m Series C round in Groq, an innovator in compute accelerators for artificial intelligence, machine learning and high performance computing, with participation from The Spruce House Partnership, Addition, GCM Grosvenor, Xⁿ, Firebolt Ventures, General Global Capital, Tru Arrow Partners, TDK Ventures, XTX Ventures, Boardman Bay Capital Management, and Infinitum Partners. "AI is limited by existing systems, many of which are being followed or incrementally improved upon by new entrants. No matter how much money you throw at the problem, legacy architectures like GPUs and CPUs struggle to keep up with the growing demands of artificial intelligence and machine learning. Our mission is more disruptive: Groq seeks to unleash the potential of AI by driving the cost of compute to zero," Jonathan Ross, Groq Founder and CEO.