$106 million was raised by Blaize, an AI computing firm situated in El Dorado Hills, California, that offers edge computing solutions.
The business plans to utilize the money to strengthen its position in the automotive, computer vision, generative AI, and AI inference markets for hardware and software.
Under the direction of CEO Dinakar Munagala, Blaize offers full-stack AI-enabled computing solutions for a range of rapidly growing industries, including healthcare, retail, automotive, mobility, security, and industrial automation. Businesses may utilize AI in the data center and at the edge of the network thanks to its low-code/no-code software platform solutions and configurable American-made chip architecture. These technologies quickly and effectively provide real-time information and decision-making capabilities.
Investors:
- Bess Ventures
- Franklin Templeton
- DENSO
- Mercedes Benz
- Temasek
- Rizvi Traverse
- Ava Investors
- BurTech LP LLC
With teams in San Jose, CA, Cary, NC, Hyderabad, India, Leeds and Kings Langley, UK, and Abu Dhabi, UAE, the firm employs over 200 people globally.
Blaize declared in December 2023 that it planned to go public by merging with BurTech Acquisition Corp (“BurTech”), a company listed on the Nasdaq.
About Blaize
Blaize is a leading provider of a purpose-built, full-stack hardware architecture and no-code software platform that reduces dependency on Data Scientists and Machine Learning engineers and enables edge AI processing solutions from the data center to the network’s edge for computing in automotive, mobility, retail, security, industrial automation, and other industries.
