💰The Funding Letter #1473: August 6

Groq, Devoted Health, Riverlane, and more...

August 06, 2024

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Source: @overheard_sales

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🌎 Americas

Devoted Health provides healthcare planning services that help physicians avoid unnecessary medical procedures, enabling beneficiaries to access healthcare through a network of doctors and tech-enabled healthcare platforms. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $112M, Series E

Round Investors: White Road Investments, Cox Enterprises

🚀Growth Focus: Support its continued growth, and expand the delivery of its unique brand of integrated health insurance, virtual-first medical care, and a world-class service experience across the country.

HQ: Waltham, MA

Industry: Hospitals and Health Care

Employee Count: 1547

Groq has developed an AI interface technology to predict the exact performance and computing time for any given workload, allowing companies to improve workloads in artificial intelligence and quality-performance computing. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $640M, Series D ($2.8B Valuation)

Round Investors: BlackRock (lead), Trajectory Ventures, Global Brain Corporation, Cisco Investments

🚀Growth Focus: Scale the capacity of its tokens-as-a-service offering and add new models and features to GroqCloud.

HQ: Mountain View, CA

Industry: Semiconductor Manufacturing

Employee Count: 247 (⚡32% increase in last 6 months)

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