Funding round
Groq Seed
Groq, which works in AI accelerator hardware development in San Jose, raised $10M in a Seed round announced on 1 Apr 2017, led by Social Capital. 3 firms took part. It is Groq's first venture round on record.
$10M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Groq did not disclose a valuation in this round. It is Groq's first venture round on record, 1 year after it was founded in 2016. It is under 1% of the $2.41B Groq has raised in the venture rounds on record. Groq raised again: a Series A round of $10M in Apr 2017. Its next priced round, a Series C in Apr 2021, valued it at $1.00B.
Groq's funding rounds
Groq has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 1 Apr 2017, led by Social Capital $10M
- Series A 20 Apr 2017, led by Social Capital $10M
- Series B 4 Sep 2018, led by Social Capital $52M
- Series C 14 Apr 2021, led by Tiger Global and D1 Capital Partners $300M$1.00B post-money
- Series D 5 Aug 2024, led by BlackRock Private Equity Partners and BlackRock $640M$2.80B post-money
- Growth 17 Sep 2025, led by Disruptive $750M$6.90B post-money
- Acquisition not a venture round 1 Dec 2025 $20.00B$20.00B post-money
- Growth 22 Jun 2026, led by Disruptive and Infinitum $650M
Investors
Who put money in
Social Capital led the round with 2 other firms.
Lead investor
- Social Capital backs 94 venture-backed companies
Also in the round
- backs 6 venture-backed companies
- Daniel Gross
Comparable rounds
How it compares
10 Seed rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $3.0M, and this round was 3.4 times the median. The closest in time, other companies' Seed rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 26 Apr 2017 | $2.5M | not disclosed | Tsing Capital |
| Electronical Components Manufacturing | 1 Feb 2017 | undisclosed | not disclosed | not named |
| Electronical Components Manufacturing | 24 Jul 2017 | $1.5M | not disclosed | TechSquare Labs and GRA Venture Fund |
| Electronical Components Manufacturing | 1 Nov 2017 | $3.0M | not disclosed | Grove Ventures |
| Electronical Components Manufacturing | 18 Dec 2017 | $3.3M | not disclosed | Fonds Innovexport and Fonds Ecofuel |
| Ayar Labs Electronical Components Manufacturing | 1 Aug 2016 | $2.5M | not disclosed | not named |
| Electronical Components Manufacturing | 30 Jan 2018 | $3.1M | not disclosed | Khosla Ventures |
| Electronical Components Manufacturing | 2 Feb 2018 | $10M | not disclosed | Baidu Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Groq raise in its Seed round?
Groq raised $10M in its Seed round, announced in Apr 2017.
Who led Groq's Seed round?
Social Capital led it, with Conconi Growth Partners and Daniel Gross.
What was Groq's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Electronical Components Manufacturing?
10 Seed rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $3.0M, and this round was 3.4 times the median.
Did Groq raise again after this round?
Yes: a Series A round in Apr 2017 of $10M.