Funding round
Groq Series B
Groq, which works in AI accelerator hardware development in San Jose, raised $52M in a Series B round announced on 4 Sep 2018, led by Social Capital. 5 firms took part. It is Groq's third venture round on record; the one before was a Series A in Apr 2017.
$52M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Groq did not disclose a valuation in this round. It came 17 months after Groq's Series A. It is 2.2% of the $2.41B Groq has raised in the venture rounds on record. Groq raised again 31 months later: a Series C round of $300M in Apr 2021, at $1.00B post-money.
Groq's funding rounds
Groq has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Apr 2017, led by Social Capital $10M
- Series A 20 Apr 2017, led by Social Capital $10M
- Series B this round 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 4 other firms.
Lead investor
- Social Capital backs 94 venture-backed companies
Also in the round
- backs 52 venture-backed companies
- backs 8 venture-backed companies
- backs 2 venture-backed companies
- backs 13 venture-backed companies
Comparable rounds
How it compares
16 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $21M, and this round was 2.5 times the median. The closest in time, other companies' Series B rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 26 Sep 2018 | $28M | not disclosed | New Science Ventures and Bpifrance |
| Electronical Components Manufacturing | 10 Sep 2018 | $9.5M | not disclosed | Capital-E |
| Electronical Components Manufacturing | 24 Oct 2018 | $25M | not disclosed | M12 |
| Electronical Components Manufacturing | 8 Oct 2018 | $23M | not disclosed | Haitong Innovation Securities Investment and Haitong Kaiyuan Investment |
| Electronical Components Manufacturing | 15 Nov 2018 | $75M | not disclosed | Intel Capital |
| Electronical Components Manufacturing | 7 Nov 2018 | $9.0M | not disclosed | Energy Foundry |
| Electronical Components Manufacturing | 20 Dec 2018 | $63M | not disclosed | not named |
| Electronical Components Manufacturing | 5 Jun 2018 | $13M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Groq raise in its Series B round?
Groq raised $52M in its Series B round, announced in Sep 2018.
Who led Groq's Series B round?
Social Capital led it, with Acequia Capital, NJF Capital, Blue Gentian Capital and Cambium Capital.
What was Groq's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Electronical Components Manufacturing?
16 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $21M, and this round was 2.5 times the median.
Did Groq raise again after this round?
Yes: a Series C round in Apr 2021 of $300M at $1.00B post-money.