Blaize, an El Dorado Hills, CA-based AI computing developer providing edge computing solutions, raised $106M in funding.
The round was led by Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP LLC.
The company intends to use the funds to consolidate its position in the market in hardware and software for automotive, computer vision, AI inference, and generative AI.
Led by Dinakar Munagala, CEO, Blaize provides full-stack AI-enabled computing solutions across diverse and expanding markets, encompassing automotive, mobility, retail, security, industrial automation, healthcare and others. Its programmable American-made processor architecture and low-code/no-code software platform solutions enable enterprises to leverage AI at the periphery of the network and in the data center. These solutions deliver real-time insights and decision-making capabilities with speed and efficiency.
The company has more than 200 employees worldwide with teams in San Jose (CA), Cary (NC), and subsidiaries in Hyderabad (India), Leeds and Kings Langley (UK), and Abu Dhabi (UAE).
In December 2023, Blaize announced its intention to go public through a business combination with Nasdaq-listed BurTech Acquisition Corp (“BurTech”).
FinSMEs
29/04/2024