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HomeFundingCA-based Blaize Secures $106Million in Funding - FUNDING NEWS

CA-based Blaize Secures $106Million in Funding – FUNDING NEWS

Blaize, AI computing developer providing edge computing solutions, secures $106million in funding. The round was led by existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP LLC.

Blaize, AI computing developer providing edge computing solutions, secures $106million in funding. The round was led by existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP LLC.

It provides full-stack AI-enabled computing solutions across diverse and expanding markets, encompassing automotive, mobility, retail, security, industrial automation, healthcare and others.

It’s programable American-made processor architecture and low-code/no-code software platform solutions enable enterprises to rapidly harness the power of AI at the periphery of the network and in the data center. These solutions deliver real-time insights and decision-making capabilities with speed and efficiency.

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This efficient processor architecture is designed to address the inherent challenges of edge AI processing, providing high performance computing with low power consumption, minimal latency and high efficiency.

The Blaize architecture includes its software suite composed of Blaize® AI Studio® and Blaize® Picasso® SDK (Software Development Kit), providing customers with a user-friendly and flexible means to swiftly develop and deploy applications at a highly optimized total cost of ownership.

Dinakar Munagala, CEO of Blaize said, “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, 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 center, with one uniform and complete hardware and software solution.”

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.

The Blaize proprietary solutions enable enterprises to harness the power of AI at the periphery of the network and in the data center, delivering real-time insights and decision-making capabilities with speed and efficiency. Their efficient processor architecture addresses the inherent challenges of edge AI processing, providing high-performance computing at low power consumption, minimal latency, and high efficiency.

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