AI firm Blaize raises $71 million
The Hindu
Artificial Intelligence computing firm Blaize has raised $71 million from new and existing investors. The firm intends to utilise the Series D funding to accelerate AI Edge Computing and Automotive/EV
Artificial Intelligence computing firm Blaize has raised $71 million from new and existing investors. The firm intends to utilise the Series D funding to accelerate AI Edge Computing and Automotive/EV product roadmap. Towards this and for scaling the business, it would be expanding the engineering and customer service teams in Hyderabad over the next 12-18 months. CEO Dinakar Munagala said there is a growing demand for higher performance, lower power, lower cost AI hardware and transformational AI software solutions in automotive, smart retail, smart city and industrial markets, something Blaize would be addressing with the funding. New investor Franklin Templeton and existing investor Temasek led the round that saw the participation from DENSO and other new and existing investors, the firm said.
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