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AI startup Blaize raises $106 million in funding
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AI startup Blaize raises $106 million in funding
Apr 29, 2024 6:39 AM

April 29 (Reuters) - AI computing firm Blaize said on

Monday it has raised $106 million in funding, including from

existing investors such as Mercedes-Benz and Temasek.

Other existing investors such as Bess Ventures, Franklin

Templeton and Denso, besides new investors such as Rizvi

Traverse, Ava Investors and BurTech LP also participated in the

fundraising, the company said in a statement, without disclosing

the details on its valuation.

The fundraise reflects the frenzy that had helped the AI

sector attract a major share of venture capital money last year

in a largely subdued environment. The launch of ChatGPT by

OpenAI has generated interest in AI, with companies investing

millions of dollars to cash in on the trend.

The El Dorado Hills, California-based company, which offers

computing solutions in automotive, mobility, smart retail,

security, industrial and metro market sectors, also said it had

previously raised $224 million.

Blaize had said last December it would go public in a SPAC

(special purpose acquisition company) deal with BurTech

Acquisition ( BRKH ).

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