The international artificial intelligence computing company Blaize revealed that it had raised $106 million from investors, including Temasek, the state investment corporation in Singapore.
In a statement, Blaize claimed 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.
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It declared in December 2023 that it planned to become public by merging with BurTech Acquisition Corp., a company listed on the Nasdaq.
The company’s balance sheet will be strengthened by this capital, which will also hasten the development of Blaize’s AI computing platforms and solutions from the edge to the data centre.
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With the money, the company hopes to expand the usage of its existing technologies 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.
About Blaize
Blaize is a firm provides full-stack AI-enabled computing solutions across diverse and expanding markets, encompassing automotive, mobility, retail, security, industrial automation, healthcare and others.
