As we speak, edge devices and their applications are creating new data (and more of it) than industries have ever seen. As the technologies evolve, traditional compute architectures and overarching infrastructure are steadily becoming less able to keep up with newer requirements, pushing system administrator and business leaders aplenty to adopt artificial intelligence (AI) to process more data, provide more insights, and develop more reliable AI models for deploying new edge systems. Inventive solutions that run AI interference at the edge (that are also easy to develop and deploy) are going to be more valuable in 2024 than they’ve ever been.
To tackle this mission, Blaize Inc. has a plan.
Blaize’s purpose-built solutions are designed to develop, compute, manage and deploy full-stack, AI interference workloads in edge deployments. The company’s tightly coupled software and hardware together deliver a usable and efficient AI edge workflow for myriad application types (i.e. for IoT-centric projects and beyond). Including its Blaize Pathfinder, Blaize Picasso SDK (Software Development Kit), Blaize Xplorer and Blaize AI Software Suite, the teams at Blaize are working to lead new-gen computing efforts to unleash more of what AI is capable of as we leap towards higher-value technologies that transform how businesses operate and how we all work and live. (This encompasses automotive, mobility, industrial automation/IIoT, healthcare/IoMT, security, etc.)
Recently, Blaize made an announcement: The company entered a definitive agreement to merge with BurTech Acquisition Corp., a publicly traded special purpose acquisitions company.
Per the official statement: “ Upon closing of the proposed transaction, Blaize will become a publicly traded company and is expected to be listed on Nasdaq under a new ticker symbol. The proposed transaction values Blaize at a pro forma enterprise value of $894 million.” (Money-wise, this also comes after Blaize previously raised $224 from investors like Mercedes Benz, Samsung (News - Alert), and others.) It’s not anticipated that Blaize will deliver minimum proceeds of $70 million (prior to payment expenses) so the combined company is able to accelerate Blaize’s edge-AI product roadmap.
Per Dinakar Munagala, co-founder and CEO of Blaize, Inc.:
"This combination with BurTech is a landmark event for Blaize. It positions us perfectly to tackle the exciting challenges and global opportunities in AI computing and processors. We are grateful for the support of our long-term investors and the commitment from BurTech. This enables us to rapidly deploy our proprietary AI solutions across multiple geographies and play a prominent role in shaping the future of sustainable AI innovation.”
And per Shahal Khan, CEO of BurTech:
“Today marks the beginning of an extraordinary journey as BurTech agrees to combine with Blaize. The potential in the field of edge AI is immense, and this partnership positions the combined company for success. We are honored to have garnered strong backing from visionary investors, a testament to the revenue and growth potential in our journey. Our confidence in Blaize's management team is unwavering, and together, we are poised to be a leading player in a bright and transformative future in the world of edge AI. We are eager to pioneer the path ahead."