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Blaize nabs $106M for AI chip development

Blaize nabs $106M for AI chip development
Blaize nabs $106M for AI chip development

Blaize, an AI computing developer in El Dorado Hills, CA, raised $106M in funding.

The investment round was led by Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek, with participation from Rizvi Traverse, Ava Investors, and BurTech LP LLC.

Blaize plans to use the funds to enhance its hardware and software solutions in sectors like automotive, computer vision, AI inference, and generative AI.

Led by CEO Dinakar Munagala, Blaize offers full-stack AI solutions across various markets including mobility, retail, security, and healthcare. The company boasts over 200 employees worldwide and has recently announced plans to go public through a merger with BurTech Acquisition Corp.

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