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 ).