Blaize secures $106 million to accelerate edge AI computing solutions
Blaize, an AI computing provider utilizing edge computing solutions, has raised $106 million as the company supercharges its efforts in edge AI processing.
The funding came from existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP LLC. Latham & Watkins LLP is acting as legal counsel to Blaize on the financing.
The announcement follows the company’s recent decision to go public through a business combination with Nasdaq-listed BurTech Acquisition Corp (BurTech).
“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,” says Dinakar Munagala, CEO 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.”
The company notes that the funding will strengthen its balance sheet and accelerate the Blaize roadmap of platforms and solutions for AI computing from the edge to the data center. Blaize plans to use the financing to capitalize on its current technology including hardware, and software for automotive, computer vision, AI inference, and generative AI.
Blaize provides full-stack AI-enabled computing solutions across a range of markets, including automotive, mobility, retail, security, industrial automation, and healthcare. The company’s processor architecture and low-code/no-code software platform solutions aim to enable enterprises to utilize AI at the periphery of the network and in the data center.
Additionally, the Blaize architecture includes its software suite composed of Blaize AI Studio and Blaize Picasso SDK (Software Development Kit).
Elsewhere, the company recently announced a technology partnership with CVEDIA, a provider of video analytics software, to bring edge AI solutions to security customers operating on current systems.
Read more:
Mark AB Capital unites with Blaize to help propel UAE’s AI future
OrionVM, Blaize launch AI-as-a-Service to help enterprises adopt and deploy edge AI
Article Topics
Blaize | edge AI | edge computing | funding | generative AI
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