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AI chip startup Blaize nabs $106M in fresh funding - SiliconANGLE

Apr 30, 2024 - siliconangle.com
AI chip startup Blaize Inc. has raised $106 million in funding from a consortium that includes Mercedes Benz and Franklin Templeton. The funding comes less than six months after the company announced plans to go public via a merger with a special purpose acquisition company (SPAC). Blaize has developed a system-on-chip, the Blaize 1600, which it claims can run neural networks with better power efficiency than rival products, making it ideal for powering connected devices with battery life constraints.

The company sells its silicon in multiple form factors, including compute modules for the edge computing market and a PCIe accelerator for data centers. It also offers a server that combines 24 of its processors with two Intel Corp. central processing units. The new funding will be used to finance product development and commercialization initiatives, with a focus on expanding its presence in the automotive, computer vision, AI inference and generative AI segments.

Key takeaways:

  • Blaize Inc., an AI chip startup, has raised $106 million in fresh funding from a consortium that included Mercedes Benz and Franklin Templeton.
  • The company has developed a system-on-chip, the Blaize 1600, that can run neural networks with better power efficiency than rival products, making it ideal for connected devices with battery life constraints.
  • The Blaze 1600 chip is designed from the ground up to process graphs, a data structure that contains multiple pieces of information, and can manage up to 16 trillion computing operations per second.
  • Blaize will use the capital from its newly announced funding round to finance product development and commercialization initiatives, with an emphasis on expanding its presence in the automotive, computer vision, AI inference and generative AI segments.
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