TDK Ventures and XTX Ventures both contributed to a round that boosted the compute accelerator provider's valuation to more than $1bn.
US-based advanced computing technology provider Groq completed a $300m series C round yesterday featuring subsidiaries of electronics manufacturer TDK and algorithmic trading firm XTX Markets.
Hedge fund manager Tiger Global Management and investment firm D1 Capital Partners co-led the round, with TDK and XTX participating through TDK Ventures and XTX Ventures respectively. It valued the company at over $1bn according to Bloomberg
The round was also backed by The Spruce House Partnership, Addition, GCM Grosvenor, Xⁿ, Firebolt Ventures, General Global…
