Blaize raises $106m as its heads to AI SPAC deal
AI chip and software tool developer Blaize has raised $106m from automotive investors in its latest round of funding.
Investors in the $106m funding for Blaize include Mercedes Benz and Tier One supplier Denso, ahead of public offering using a special purpose SPAC company.
Other backs include Bess Ventures, Franklin Templeton and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech, which owns the SPAC. This follows $71m raised in 2021.
The combination of the graph streaming AI architecture and low code software development tools for vision applications cover automotive, mobility, retail, security, industrial automation, healthcare and others. THe company has also been developing a ‘model zoo’ with AI models suitable for the chip.
The Blaize architecture includes its software suite composed of Blaize AI Studio and Picasso Software Development Kit, providing tools to develop and deploy applications at a highly optimized total cost of ownership.
“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, 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 programable 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 centre, with one uniform and complete hardware and software solution.”
In December 2023, Blaize announced its intention to go public through a business combination with Nasdaq-listed BurTech Acquisition to accelerate the Blaize roadmap of platforms and solutions for AI computing from the edge to the data centre.
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