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EL DORADO HILLS, Calif. - Blaize Holdings, Inc. (NASDAQ:BZAI, NASDAQ: BZAIW), currently trading near its InvestingPro Fair Value, introduced its Blaize AI Platform, designed for edge-based multimodal intelligence across various industries, according to a company press release. The company, with a market capitalization of $364 million, has maintained a strong balance sheet with more cash than debt despite recent market volatility.
The platform processes multiple data types including video, audio, and sensor information simultaneously without bottlenecks. It supports deployment across environments ranging from rugged edge devices to rack mount servers.
Already implemented in Asia, the system targets applications in public safety, defense, and infrastructure sectors. The company states the platform can transform fragmented data sources into unified intelligence networks.
Blaize has partnered with Supermicro to offer the technology in a 1U server system featuring 24 Blaize GSP Xplorer X1600 EDSFF accelerators. This configuration aims to deliver inference performance for city-wide, industrial, and defense infrastructure deployments.
The company has also established partnerships with several independent software vendors including AlwaysAI, CVEDIA, OrionVM, Thrive Logic, Videonetics, VSaaS.ai, and VSBLTY. These collaborations enable pre-integrated domain-specific AI pipelines. With its current ratio of 2.43, Blaize demonstrates strong short-term liquidity to support these partnerships.
"As data becomes more complex and multi-modal, the need for scalable, hybrid AI infrastructure has never been greater," said Dinakar Munagala, Co-founder and CEO of Blaize, in the statement.
The Blaize AI Platform is currently available for deployment. The company, headquartered in El Dorado Hills, California, employs over 200 people globally with additional offices in San Jose, Cary, Hyderabad, Leeds, and Kings Langley.
In other recent news, Blaize Holdings Inc. has announced a significant $120 million partnership with Starshine Computing Power Technology Limited to deploy its hybrid AI platform across the Asia Pacific region. This collaboration is set to begin in the third fiscal quarter of 2025, focusing initially on smart city applications in countries such as India, Indonesia, Japan, South Korea, and China. The agreement with Starshine is expected to generate a minimum of $120 million in revenue over 18 months, enhancing Blaize’s presence in the region. Furthermore, Blaize secured an additional $56 million agreement for AI infrastructure solutions deployment in Asia, bringing the total value of their recent deals to $176 million.
These developments have prompted Rosenblatt Securities to upgrade Blaize’s stock rating from Neutral to Buy, with a price target of $6.00, citing the strong Asian deals as a key factor. DA Davidson also reiterated its Buy rating on Blaize, maintaining a $10.00 price target following the announcement of the new contracts. These recent agreements and analyst upgrades highlight Blaize’s strategic expansion and the growing demand for its AI solutions in the Asia Pacific market.
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