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EL DORADO HILLS, Calif. - Blaize Holdings, Inc. (NASDAQ:BZAI, NASDAQ: BZAIW), currently valued at $283.7 million, announced a collaboration with Starshine Computing Power Technology Limited to deploy its hybrid AI platform across Asia Pacific markets, in an agreement valued at a minimum of $120 million over an 18-month period. According to InvestingPro data, this deal value represents nearly 60x the company’s last twelve months revenue of $2.01 million.
The deployment will begin in the third fiscal quarter of 2025 and continue through 2026, initially focusing on smart city applications across India, Indonesia, Japan, South Korea, and China, according to the company’s statement.
The partnership aims to integrate Blaize’s Graph Streaming Processor-based inference accelerators with existing GPU infrastructure to create hybrid AI computing clusters for applications in urban surveillance, retail operations, industrial automation, and agricultural resource management.
"Asia represents a $112B opportunity for next generation intelligent systems, and inference is leading the charge," said Dinakar Munagala, co-founder and CEO of Blaize, in the press release.
The companies claim their solution will reduce energy consumption and total ownership costs while enabling real-time, localized decision-making capabilities at the network edge.
Teng Ma, Chairman of Starshine, stated that the partnership provides "the technology and capability to meet surging demand across Asia for real-time, localized intelligence."
Blaize’s programmable edge AI computing technology is designed to process multimodal data streams for applications requiring low latency and high efficiency. The company is headquartered in California with additional operations in North Carolina, India, the United Kingdom, and the United Arab Emirates.
The announcement comes as countries throughout the Asia Pacific region increase investments in AI infrastructure to support economic growth, urban development, and climate resilience initiatives. Analysts expect Blaize’s sales to grow by 11.42% in the current fiscal year, though profitability remains a challenge. For deeper insights into Blaize’s financial health and growth prospects, including 15+ additional ProTips and comprehensive valuation metrics, visit InvestingPro.
In other recent news, Blaize Holdings has announced a significant partnership with Starshine Computing Power Technology Limited, aiming to generate at least $120 million in revenue over 18 months by expanding its hybrid AI platform in the Asia Pacific region. This strategic move is part of Blaize’s efforts to enhance its market presence through Starshine’s regional connections. Additionally, Blaize has secured a $56 million contract to deploy its edge AI platform across 250,000 surveillance systems in Southeast Asia, with expected revenue recognition of $6 million in the second and third quarters of fiscal 2025. In another development, Blaize has entered a sales referral agreement with Burkhan LLC, targeting up to $56.5 million in product purchases, further diversifying its revenue streams.
The company is also preparing for its first Annual Meeting of Stockholders, scheduled for December 2025. Meanwhile, DA Davidson has maintained a Buy rating on Blaize, setting a price target of $10.00, following the company’s robust first-quarter earnings for 2025, which exceeded its own forecasts. This positive outlook is attributed to Blaize’s increasing traction in domestic defense and smart-city projects, particularly in South Korea. These developments underscore Blaize’s strategic focus on expanding its AI capabilities and market reach.
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