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Tag: Penske Automative

Penske Automotive Group to spend $7,500,000.00 to occupy 45,000 square feet of new space in Leander Texas.

Leander, Texas — According to state and local economic development sources Penske Automotive Group plans to invest $7,500,000.00 to build out 45,000 square feet of new space for a new Honda dealership in Leander. The company…

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AiDash, today announced the official closing of its Series C funding round at $58.5 million. The company’s Series C round, initially at $50 million, was oversubscribed and drew in additional investors, including leading private equity firm Lightsmith Group, and Japanese conglomerate, Marubeni Corporation. This brings the company’s total funding raised to date to $91.5 million. In a statement AiDash Co-founder and CEO Abhishek Singh said, “We are humbled by the incredible interest from global investors and partners in our company’s mission and our satellite-first products that will help critical infrastructure industries around the world become more sustainable and climate-resilient.” “As we prepare for the next 100 years, it is more important than ever to ensure that we have reliable and sustainable infrastructure, and the ability to better predict, prepare, and manage the impact of climate-related events.”

AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using our full-stack SaaS solutions, customers in electric, gas, and water utilities, transportation, and construction are transforming asset inspection and maintenance – and complying with biodiversity net gain mandates and carbon capture goals. Our customers deliver ROI in their first year of deployment with reduced costs, improved reliability, and achieved sustainability goals.

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Blaize, today announced it has raised $106 million from existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech. “This investment lends further credence to our thesis that edge AI is revolutionizing all industries, and we are supercharging our roadmap to deliver its promise,” said Dinakar Munagala, CEO of Blaize. “Blaize has always focused on solving real customer problems and empowering developers and innovators. Our current and next-generation offerings will deliver value across all AI applications, including computer vision, transformers, and multimodal Generative AI. Our unique, fully programmable approach makes us ready for the unknown. This is ideal in the fast-changing AI applications landscape, de-risking and reducing cost for our customers, scaling from the edge to the data center, with one uniform and complete hardware and software solution.”

Blaize provides full-stack AI-enabled computing solutions across diverse and expanding markets, encompassing automotive, mobility, retail, security, industrial automation, healthcare and others. Blaize’s programmable American-made processor architecture and low-code/no-code software platform solutions enable enterprises to rapidly harness the power of AI at the periphery of the network and in the data center. These solutions deliver real-time insights and decision-making capabilities with speed and efficiency.

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