Blaize, an El Dorado Hills, CA-based company that provides AI-enabled computing solutions, has secured $106 million in funding.
Investors
The investment was from both existing and new investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes-Benz, Temasek, Rizvi Traverse, Ava Investors, and BurTech LP LLC.
Blaize Use of Funds
The company aims to use the funding to capitalize on its current technology and strengthen its position in the market in hardware and software for automotive, computer vision, AI inference, and generative AI.
About Blaize
Blaize has developed a purpose-built, full-stack programmable processor architecture suite and a low-code/no-code software platform that enables AI processing solutions for high-performance computing in multiple large and rapidly growing markets. Its AI-enabled computing solutions span various sectors like automotive, mobility, retail, security, and healthcare, providing real-time insights and decision-making capabilities with speed and efficiency. Headquartered in El Dorado Hills (CA), Blaize 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).
Funding Details
Company: Blaize, Inc.
Raised: $106.0M
Round: Series A
Funding Month: April 2024
Investors: Bess Ventures, Franklin Templeton, DENSO, Mercedes-Benz, Temasek, Rizvi Traverse, Ava Investors, BurTech LP LLC
Company Website: https://www.blaize.com/
Software Category: AI Edge Computing
Source: https://www.blaize.com/press/blaize-secures-106-million-in-funding/