Merry Christmas Jonathan Ross (Groq s Founder)! $20B will buy a lot of holiday cheer!
Today, Groq announced that it has entered into a non-exclusive licensing agreement with Nvidia for Groq s inference technology. The agreement reflects a shared focus on expanding access to high-performance, low cost inference.
As part of this agreement, Jonathan Ross, Groq s Founder, Sunny Madra, Groq s President, and other members of the Groq team will join Nvidia to help advance and scale the licensed technology.
Groq will continue to operate as an independent company with Simon Edwards stepping into the role of Chief Executive Officer.
GroqCloud will continue to operate without interruption.
Today, we re announcing we ve raised $125M at a $1.25B valuation to build the platform for agent engineering. We re also releasing new capabilities to accelerate the path to reliable agents, including LangChain and LangGraph 1.0 releases, a new Insights Agent, and a no code agent builder. IVP led the round alongside existing investors Sequoia, Benchmark, and Amplify, as well as new investors CapitalG and Sapphire Ventures.
Imagine that they got their start here when I hunted @LangSmith in 2023. Man, shoulda invested back then!
Just received an email about Nova-3. Looks really interesting. We have been playing around with real-time language switching on our phone calls. Looks like Nova-3 would support way more languages beyond just English and Spanish. Could be a game changer. Hoping to get beta access to the API soon.
