Blaize, Inc. has announced that it will issue a convertible note and warrants for the gross proceeds of $125 million on April 22, 2024. The company will issue pre-funded warrants to new investor Ava Investors SA.

As on the same day the company has received $70 million in it's first tranche from new investor RT-AI I, LLC, a fund managed by Rizvi Traverse Management LLC. The company also issued the warrants, which will converted into common shares.