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D1 Capital Leads Investment in Groq
- Client News
- April 14, 2021
Paul, Weiss advised D1 Capital as lead investor, alongside Tiger Global Management, in a $300 Series C financing round in Groq Inc. Groq is a leading innovator in compute accelerators for artificial intelligence, machine learning and high performance computing. The funding round brings Groq's total funding to $367 million and allows Groq to grow across industries and accelerate its next-generation products in development. The Spruce House Partnership and Addition, the venture firm founded by Lee Fixel, also participated in the round.
The Paul, Weiss team included corporate partners Ted Ackerman, Udi Grofman and Raphael Russo, and former counsel Nathan Sawyer; tax partner David Mayo; and antitrust counsel Marta Kelly.