EL DORADO HILLS, Calif. - Blaize Holdings, Inc. (NASDAQ:BZAI), a company specializing in artificial intelligence (AI) edge computing solutions, today announced the appointment of Lane Bess as chairman of its board of directors. With shares currently trading at $13.09 and a market capitalization of approximately $198 million, Blaize operates in the competitive edge computing sector. Bess, a seasoned technology executive with over three decades of experience, is recognized for his leadership roles at notable internet security companies, including his tenure as CEO of Palo Alto Networks (NASDAQ:PANW) where he led the company to its IPO.
Bess's involvement with Blaize began over three years ago as a key investor, drawn by the potential of semiconductor AI technology at the edge. His extensive experience includes significant contributions to the growth of companies in the security technology sector, such as Zscaler (NASDAQ:ZS) and Trend Micro (OTC:TMICY) Internet Security, as well as positions at NCR (NYSE:VYX) Corporation and AT&T.
In addition to his operational expertise, Bess has a history of successful investments through Bess Ventures and Advisory, backing companies like Arista Networks (NYSE:ANET), Nutanix (NASDAQ:NTNX), and Rubrik. His educational background includes a B.A. in managerial economics from Carnegie Mellon University and an MBA from the University of Dayton.
Dinakar Munagala, CEO of Blaize, expressed enthusiasm for Bess's new role, citing his unparalleled qualifications in security, company building, and technology. Bess himself anticipates furthering Blaize's mission to deploy next-generation computing across various global industries, emphasizing the significance of AI and edge technology in delivering real-time solutions.
Blaize, headquartered in California, has raised over $330 million from a mix of strategic and financial investors and has expanded its presence internationally with subsidiaries in India, the UK, and the UAE. The company offers a suite of programmable processor architectures and a low-code/no-code software platform for AI processing at the edge and in data centers. Despite a year-to-date decline of about 13%, the stock has shown resilience with a positive one-year return of 22%. For deeper insights into Blaize's financial health and growth prospects, InvestingPro offers exclusive analysis and detailed metrics.
This announcement is based on a press release statement and includes forward-looking statements subject to risks and uncertainties. The stock has traded in a 52-week range of $9.25 to $29.61, reflecting the volatile nature of the emerging AI technology sector. It should not be considered an endorsement of future results. Blaize has not provided additional comments on the appointment at this time.
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