Blaize partners with TCC to advance Saudi Arabia’s AI infrastructure

EL DORADO HILLS, Calif. & RIYADH - Blaize Holdings, Inc. (NASDAQ:BZAI, NASDAQ: BZAIW) and Technology Control Company (TCC) announced Wednesday a strategic partnership to develop AI infrastructure supporting Saudi Arabia’s digital transformation goals.

The collaboration aims to combine Blaize’s programmable hybrid AI technology with TCC’s regional expertise to deliver energy-efficient AI solutions for Gulf Cooperation Council industries. The partnership includes joint training workshops, co-development of AI applications for public safety and smart infrastructure, and distribution through TCC’s customer network. InvestingPro analysis shows the company maintains a healthy balance sheet with more cash than debt, though investors should note its rapid cash burn rate. Get access to 10+ additional ProTips and comprehensive analysis with an InvestingPro subscription.

"We are committed to building a foundation for technological leadership in the Kingdom," said Dr. Bandar Al-Haqbani, CEO of TCC, in a press release statement.

The initiative builds on Blaize’s AI Platform, which the company describes as a sovereign-capable, programmable hybrid AI infrastructure that has been deployed across Asia through partners including Starshine Computing Power Technology Limited.

Dinakar Munagala, CEO and co-founder of Blaize, stated that the partnership would help power "smarter, safer, and more efficient industries through hybrid AI" in Saudi Arabia.

Blaize provides programmable processor architecture and software platforms for AI processing at network edges and data centers. The company is headquartered in El Dorado Hills, California, with additional teams in San Jose, Cary, and subsidiaries in India, the UK, and UAE.

TCC specializes in identity management, cybersecurity, AI, and cloud infrastructure solutions for government and private sector organizations in Saudi Arabia.

This partnership follows Blaize’s recent strategic initiatives with organizations including BroadSat Technologies, Turbo Federal, and academic institutions like the Korea Advanced Institute of Science and Technology. While the stock has seen significant volatility, trading between $1.70 and $29.61 over the past 52 weeks, InvestingPro’s Fair Value analysis suggests the stock is currently undervalued. Discover detailed insights and expert analysis in the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Blaize Inc. reported its second-quarter 2025 earnings, revealing significant revenue growth and a narrowed net loss. The company surpassed expectations with its quarterly results, which were highlighted by DA Davidson, who reiterated a Buy rating and a $10.00 price target. Rosenblatt Securities also maintained its Buy rating with a $6.00 price target, emphasizing Blaize’s strong revenue guidance for the September quarter, projected between $11 and $11.5 million. B.Riley initiated coverage on Blaize with a Buy rating, setting a price target of $9.00, citing the company’s position in the enterprise AI adoption cycle. The firm’s edge-optimized graph streaming processors and software stack were noted as cost-effective complements to existing data center GPU investments. These developments indicate continued confidence from analysts in Blaize’s performance and future prospects.

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