AI computing agency Blaize stated on Monday it has raised $106 million in funding, together with from present traders resembling Mercedes-Benz and Temasek.
Different present traders resembling Bess Ventures, Franklin Templeton and Denso, apart from new traders resembling Rizvi Traverse, Ava Traders and BurTech LP additionally participated within the fundraising, the corporate stated in a press release, with out disclosing the main points on its valuation.
Different present traders resembling Bess Ventures, Franklin Templeton and Denso, apart from new traders resembling Rizvi Traverse, Ava Traders and BurTech LP additionally participated within the fundraising, the corporate stated in a press release, with out disclosing the main points on its valuation.
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The fundraise displays the frenzy that had helped the AI sector appeal to a significant share of enterprise capital cash final 12 months in a largely subdued surroundings. The launch of ChatGPT by OpenAI has generated curiosity in AI, with firms investing tens of millions of {dollars} to money in on the pattern.
The El Dorado Hills, California-based firm, which affords computing options in automotive, mobility, sensible retail, safety, industrial and metro market sectors, additionally stated it had beforehand raised $224 million.
Blaize had stated final December it might go public in a SPAC (particular objective acquisition firm) take care of BurTech Acquisition.
