[Funding alert] AI startup Blaize raises $ 71 million In Series D led by Franklin Templeton and Temasek

Blaize, The AI ​​computer innovator that revolutionized edge and automotive computing solutions on Wednesday, announced that it has raised $ 71 million in the D-Series led by Franklin Templeton, a new investor and existing investor Temasek. DENSO and other new and existing investors also participated in this round.

To speed up the product roadmap and scale the business with this financing, the company plans to rapidly expand its business in Hyderabad, India in the next 12-18 months.

Speaking of the investment, said JP Scandalios, senior vice president and portfolio manager, Franklin Templeton,

“Blaize has demonstrated the ability to enable value creation for organizations by leveraging the power of AI for edge computing. We are excited to invest as Blaize management takes steps to realize their vision.

Automotive and several edge-to-edge AI markets, such as retail and metro, have enormous potential for Blaize to expand their early market position as the adoption of edge-to-edge AI accelerates and creates a new wave of industrial systems. ”

In 2020, Blaize successfully released and built a multi-year pipeline for the first generation of Blaize AI edge computer hardware and software products with customer capabilities in the United States, Europe, Japan and Asia.

Dinakar Munagala, CEO, said Blaize,

“We are pleased with the participation of new and existing premier investors in the Series D round. We are well positioned to accelerate our next generation of products and maintain our leadership in delivering integrated hardware and software offerings that enable true value creation for our customers. ”

Prior to Series D, Blaize had secured $ 87 million in equity financing from strategic and venture investors DENSO, Daimler, SPARX Group, Magna, Samsung Catalyst Fund, Temasek, GGV Capital, Wavemaker and SGInnovate. With headquarters in El Dorado Hills (CA), Blaize has teams in Campbell (CA), Cary (NC) and subsidiaries in Hyderabad (India), Manila (Philippines) and Leeds and Kings Langley (UK) with 300+ employees. worldwide.

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