AI infrastructure startup Baseten raises $1.5bn at $13bn valuation
Summary
Baseten, a California-based AI infrastructure startup co-founded by Australians, raised $1.5 billion in a Series F round at a valuation of up to $13 billion. The round was led by Sands Capital and Wellington Management, with Australia's Blackbird VC making its largest-ever investment. Baseten provides software and infrastructure that allows customers to customize and run their own AI models as a cheaper alternative to using OpenAI and Anthropic. The company's growth is driven by inference demand, with revenue growing 20-fold over the past year.
Source
bskyAI infrastructure startup Baseten raises $1.5bn at $13bn valuationbriefly.coKey quotes
· 4 pulledBaseten, a California-based AI infrastructure startup co-founded by Australians, raised $1.5bn in a Series F valuing the company at up to $13bn
The round was led by Sands Capital and Wellington Management, with Australia's Blackbird VC making its largest-ever investment
Baseten sells software and infrastructure enabling customers to customize and run their own AI models as a cheaper alternative to relying on OpenAI and Anthropic
Revenue grew 20-fold over the past year due to demand for serving models at scale
You might also wanna read
AI Data Center Startup Nscale Raises $2 Billion at $14.6 Billion Valuation with Nvidia Investment
AI data center startup Nscale has raised $2 billion in Series C funding at a $14.6 billion valuation, with Nvidia participating as an invest
cnbc.com·3mo ago
US AI Infrastructure Investment Surpasses $1 Trillion Annually as Tech Companies Race to Build Data Centers
The article examines the unprecedented investment boom in AI infrastructure in the United States, with spending on data centers, computers,
apricitas.io·4mo ago
Factory Raises $50M Series B at $300M Valuation for AI Software Development Agents
Factory, an AI software development agent company, has raised $50 million in Series B funding at a $300 million valuation. The round was led
factory.ai·9mo ago
AI Infrastructure Investment Boom Reaches Fever Pitch, May Exceed $5.2 Trillion Forecast
McKinsey's forecast of $5.2 trillion in AI infrastructure spending over the next five years may be revised upward as investment in generativ
economist.com·8mo ago
AI Startup Thinking Machines Raises $2 Billion at $12 Billion Valuation
Thinking Machines Lab, an AI startup founded by Mira Murati, raised $2 billion at a $12 billion valuation in a funding round led by Andreess
reuters.com·11mo ago
n8n Raises $180 Million Series C Funding to Advance AI Workflow Orchestration
n8n, a workflow automation platform, has raised $180 million in Series C funding led by Accel, bringing total funding to $240 million and va
blog.n8n.io·8mo agoComments
Sign in to join the conversation.
No comments yet. Be the first.