BlackRock led a $640m Series D round in Groq.

BlackRock, a private equity firm, led a $640m Series D round in Groq, a provider of fast AI inference with its LPU technology, with participation from Neuberger Berman, Type One Ventures, Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung Catalyst Fund. “The market for AI compute is meaningful and Groq’s vertically integrated solution is well positioned to meet this opportunity. We look forward to supporting Groq as they scale to meet demand and accelerate their innovation further,” Samir Menon, BlackRock Managing Director.