MARKET MOVEMENT
Blaize , global provider in edge AI computing , goes public on NASDAQ with valuation of $ 1.2 billion
Burkhan World Investments , announced that Blaize , BZAI , a global provider in edge AI computing , successfully went public on January 14th , 2025 on NASDAQ through BurTech Acquisition Corporation , a Special Purpose Acquisition Company , SPAC owned by BWI with a valuation of $ 1.2 billion USD . This milestone positions Blaize as a key player in addressing critical national security challenges and marks the first AI IPO of 2025 .
Blaize ’ s journey to becoming a publicly traded company highlights the evolution of SPACs from their earlier iterations , SPAC 2.0 to the more refined SPAC 3.0 model . Unlike previous SPACs , which faced criticism for overvaluation and limited post-IPO success , BurTech ’ s approach emphasises robust pre-IPO funding , strategic partnerships , and rigorous operational readiness .
The SPAC 3.0 model offers a unique advantage over traditional IPOs by prefunding high-growth ventures , creating opportunities for retail and institutional investors to participate at a value level that offers greater returns .
In contrast , traditional IPOs often prioritise returns for their existing investors , leaving limited growth potential for retail investors and new institutional participants . The SPAC 3.0 model addresses this imbalance by levelling the playing field , ensuring equitable access to growth opportunities for all investors .
Shahal Khan , CEO of BurTech and Burkhan World Investments , commented ,
“ Blaize ’ s cutting-edge edge AI solutions exemplify the transformative potential of technology to improve lives and industries globally .”
In addition to funding from Burkhan World Investments , the IPO was bolstered by an investment from the Private Office of Sheikh Ahmed Dalmook Al Maktoum , reflecting the UAE ’ s commitment to establishing itself as a global hub for artificial intelligence .
Blaize ’ s edge AI solutions allow data processing at the source , enabling faster , more secure responses for applications such as real-time surveillance , autonomous security systems , and proactive safety measures .
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Pakistan based Devsinc acquires Alchemative Group , a UAE-based provider of ecommerce
Devsinc , Pakistan ’ s IT company , announced the acquisition of Alchemative Group , a UAE-based provider of ecommerce and digital retail solutions and creator of the UnumPay payment gateway . The acquisition marks Devsinc ’ s expansion into key Middle Eastern markets , starting from the UAE .
Alchemative , headquartered in Dubai , UAE , has more than 11 years of experience and serves 800 + global clients across 15 + countries . It drives innovation in eCommerce through omnichannel retail , Shopify apps , ERP integrations , and logistics optimisation . The company processes over 20 million orders monthly , empowering businesses with scalable SaaS models .
With Alchemative acquisition in the UAE , Devsinc plans to enter in digital retail and eCommerce markets . It has a seamless track record of 3,000 projects completion and delivery in over 23 countries . The new acquisition enhances Devsinc ’ s ability to provide services to its existing customers in North America as well .
Usman Asif , CEO of Devsinc , said , “ Alchemative ’ s capabilities in digital retail and eCommerce align with our mission to support businesses with innovative solutions that foster growth and efficiency .”
Devsinc empowers businesses worldwide with bespoke software solutions . With 2,000 skilled engineers , the company specialises in delivering enterprise-grade services across 23 IT and IT-enabled solutions , spanning 10 industries and 4 continents . Guided by innovation and excellence , the company builds tailored , scalable , and secure technology solutions , enabling clients to achieve sustainable growth in an everevolving market .
Umar Rana , CEO of Alchemative , said , “ Partnering with Devsinc enables us to leverage their global reach and expand the value we deliver to our clients , particularly in the Middle East .”
The acquisition also includes Alchemative ’ s UnumPay , a payment gateway which holds 24 % market share with a client base of 1,200 businesses in Pakistan . The UnumPay addition enhances Devsinc ’ s fintech capabilities and positions it to address digital payment needs in markets such as the UAE . •
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