M&A Deal Summary

Groq Acquires Maxeler

On March 1, 2022, Groq acquired software company Maxeler

Acquisition Highlights
  • This is Groq’s 1st transaction in the Software sector.
  • This is Groq’s 1st transaction in the United States.
  • This is Groq’s 1st transaction in Delaware.

M&A Deal Summary
Date 2022-03-01
Target Maxeler
Sector Software
Buyer(s) Groq
Deal Type Add-on Acquisition

Target

Maxeler

Delaware, United States
Maxeler develops a real-time FPGA-based processing solutions for European XFEL. The Company is focused on applications for converged HPC solutions in domains such as financial services as well as climate, brain, and quantum computer simulations. Maxeler was founded in 2003 and is based in Lewes, Delaware.

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Buyer(S) 1

Buyer

Groq

Mountain View, California, United States
Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

Groq products are built to revolutionize workloads in artificial intelligence (AI) and high-performance computing (HPC). The Company's innovative deterministic single-core Tensor Streaming Processor architecture lays the foundation for its compiler's unique ability to predict exactly the performance and compute time of workloads while delivering uncompromised low latency. Groq was founded in 2016 and is based in Mountain View, California.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Delaware) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Definitive Intelligence

Palo Alto, California, United States

Definitive Intelligence provides data and empowers organizations to unlock actionable insights – all powered by AI. Definitive Intelligence was founded in 2021 and is based in Palo Alto, California.

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