Blaize rakes in £51m to fund AI edge computing solutions

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Blaize, an AI edge computing solutions provider, has closed off a $71 million (£51m) series D round of funding.

Leading the round was Franklin Templeton, a new investor, alongside existing investor Temasek, with further participation from DENSO and others.

JP Scandalios, senior vice president and portfolio manager of Franklin Templeton, said: “Blaize has demonstrated the capability to enable value creation for organizations tapping the power of AI for edge...

Pratexo concludes multi million pound seed round for edge computing investment

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Pratexo, a specialist in edge computing and distributed cloud platform for artificial intelligence (AI), Internet of Things (IoT) and Industry 4.0, has completed a $3.5 million (£2.54m) round of fundraising.

The company plans to use the money to accelerate its platform development and go-to-market efforts across North America and Europe.

Pratexo provides a technology platform to support IoT and artificial intelligence strategies and initiatives, which demand compute...

Bill Gates-backed Pivotal Commware secures $50 million funding for 5G mmWave infrastructure

Pivotal Commware, a Washington-based provider of 5G mmWave infrastructure products, has secured $50 million (£35.8m) in a series C funding round to expand product, distribution, and R&D.

The company - defined as Pivotal but not to be confused with the cloud platform provider of the same name acquired by VMware in 2019 - has offerings aimed at mobile network operators to cost-effectively deploy 5G mmWave networks for mobile and fixed wireless access.

Its product...