TLDR: AI startup Blaize raises $106 million in funding
AI computing firm Blaize raised $106 million in funding, with existing investors such as Mercedes-Benz and Temasek participating. The company offers computing solutions in various sectors and had previously raised $224 million. Blaize had announced plans to go public in a SPAC deal last December.
AI startup Blaize announced a successful funding round of $106 million, with existing investors like Mercedes-Benz and Temasek participating, along with new investors such as Rizvi Traverse and Ava Investors. The company, based in El Dorado Hills, California, provides computing solutions in automotive, mobility, smart retail, security, industrial, and metro market sectors, and had previously raised $224 million. Last December, Blaize had revealed its intention to go public through a SPAC (special purpose acquisition company) deal with BurTech Acquisition.
The fundraise reflects the overall interest and investment frenzy in the AI sector, fuelled by launches like ChatGPT by OpenAI. Companies are capitalizing on the trend by investing millions of dollars in AI technology. Blaize’s latest funding round is a testament to the growing importance and potential of AI in various industries.
