El Dorado Hills, CA-based AI computing company Blaize has raised $106 million. The funding round led by existing investors Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek, also saw participation from new investors Rizvi Traverse, Ava Investors, and BurTech.

Blaize offers AI-enabled computing solutions for various markets, including automotive, retail, security, industrial automation, and healthcare. The company’s processor architecture and software platform solutions allow enterprises to utilize AI at the edge of the network and in data centers, according to Blaize.

In December 2023, Blaize announced plans to go public.