August 30, 2024

Global Brain has invested in Groq, Inc., a developer of fast AI inference

Global Brain has invested in Groq, Inc. (Groq), a leader in fast AI inference technology, through its KDDI Open Innovation Fund III (KOIF III).

Groq builds the “LPU™” AI inference technology, a hardware and software platform that delivers exceptional AI compute speed, quality, and energy efficiency. This technology enables developers to build and deploy the next generation of AI applications more affordably through the cloud-based GroqCloud.

Global Brain has decided to invest in Groq, recognizing its unique AI inference technology. Global PE and VC firms have also invested in this round, including BlackRock, Neuberger Berman, Type One Ventures, Cisco Investments, and Samsung Catalyst Fund. Through this investment, Global Brain will collaborate with KDDI to provide comprehensive support for Groq’s further business growth.

About Groq

Location
California, US
CEO
Jonathan Ross
Founded
2016
URL
https://wow.groq.com/

About KOIF III

Name
KDDI Open Innovation Fund III
General Partner
Global Brain Corporation
Fund Size
JPY 30 billion

About Global Brain

Location
Tokyo, Japan
Representative
Yasuhiko Yurimoto
Founded
January 1998
URL
https://globalbrains.com/