Groq was founded in 2016 by Jonathan Ross. The company has not publicly endorsed plans to participate in an IPO.
Groq is an AI chip company that designs "radically simple elegant processor architecture technology to accelerate complex workloads in artificial intelligence, machine learning, and high-performance computing." The company is notable for the versatility of its product, reporting customers in industries that range from financial services to autonomous driving. Groq acquired Maxeler Technologies in 2022 and has raised more than $360 million in venture capital from investors including Tiger Global, D1 Capital, Addition, GCM Grosvenor, and Firebolt Ventures. After a $300 million Series C funding round, Ross announced that the company had surpassed a $1 billion valuation according to a 2021 Forbes' article.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.