Blaize raises $71M for AI edge hardware

All the sessions from Transform 2021 are available on-demand now. Blaize, a company developing AI edge computing platforms for automotive, enterprise, and computer vision markets, today announced that it raised $71 million in series D funding led by Franklin Templeton and Temasek, with participation from Denso and other new and existing backers. The company says that the funds will be used to support its go-to-market and R&D efforts. The pandemic has accelerated the adoption of edge computing, or computation and data storage that's located close to where it's needed. According to the Linux Foundation's State of the Edge report, digital health care, manufacturing, and retail businesses are particularly likely to expand their use of edge computing by 2028.