The international artificial intelligence (AI) computing company Blaize revealed that it had raised $106 million from investors, including Temasek, the state investment firm in Singapore.
In a statement, Blaize said that in addition to new investors Rizvi Traverse, Ava Investors, and BurTech LP LLC, it has also raised funds from current investors Bess Ventures, Franklin Templeton, DENSO, and Mercedes Benz.
Blaize declared in December 2023 that it planned to go public by way of a business combination with BurTech Acquisition Corp (BurTech), which is listed on the Nasdaq.
The company’s balance sheet will be strengthened by this funding, which will also hasten the development of Blaize’s AI computing platforms and solutions from the edge to the data center.
With the money, the company hopes to expand the use of its existing technology and solidify its place in the automotive, computer vision, AI inference, and generative AI hardware and software markets.
“This investment lends further credence to our thesis that edge AI is revolutionizing all industries, and we are supercharging our roadmap to deliver its promise,” said Dinakar Munagala, Chief Executive Officer of Blaize.
“Blaize has always focused on solving real customer problems and empowering developers and innovators. Our current and next-generation offerings will deliver value across all AI applications, including computer vision, transformers, and multimodal Generative AI,
“Our unique, fully programmable approach makes us ready for the unknown. This is ideal in the fast-changing AI applications landscape, de-risking and reducing cost for our customers, scaling from the edge to the data center, with one uniform and complete hardware and software solution,” he added.
In a variety of rapidly growing markets, including automotive, mobility, retail, security, industrial automation, healthcare, and others, Blaize is a company that offers full-stack AI-enabled computing solutions.
Businesses can quickly harness the power of AI at the edge of the network and in the data center thanks to its programmable American-made processor architecture and low-code/no-code software platform solutions.
Financial and strategic investors, including Franklin Templeton, Temasek, GGV, and Bess Ventures, as well as Mercedes Benz, Samsung, DENSO, and Magna, contributed $224 million to Blaize’s previous fundraising campaign.
With teams in San Jose, Canada, and Cary, United States, as well as subsidiaries in Hyderabad, India, Leeds and Kings Langley, United Kingdom, and Abu Dhabi, United Arab Emirates, Blaize, with its headquarters located in El Dorado Hills, California, employs over 200 people globally.
