Baseten is finalizing a funding round reported to total $1.5 billion, valuing the AI services startup at up to $13 billion, according to multiple outlets citing The Wall Street Journal and Bloomberg. The round is described as a dual-tier structure: some investors buy in at an $11 billion valuation while others participate at a $13 billion valuation. Outlets characterize the financing as tied to growing demand for AI inference, with Baseten positioning its software and computing approach to help customers run, optimize, and train open-source AI models more efficiently. Bloomberg describes Baseten as providing a software and computing layer aimed at companies using lower-cost AI models. TechCrunch frames the move as occurring months after Baseten’s previous large financing, suggesting continued investor interest in companies focused on the “inference” stage of AI workloads. Across coverage, the core elements are consistent: Baseten is nearing completion of a $1.5 billion round, and the company’s valuation ranges between $11 billion and $13 billion depending on investor tier.
Baseten raises $1.5 billion, valued up to $13 billion, to scale AI inference software
Baseten is finalizing a funding round reported to total $1.5 billion, valuing the AI services startup at up to $13 billion, according to multiple outlets citing The Wall Street Journal and Bloomberg....
- Baseten is finalizing a funding round of about $1.5 billion.
- The reported valuation is up to $13 billion, with an $11 billion tier also mentioned.
- Baseten provides software and computing capacity for AI inference and related model work.
- The funding is linked to rising demand for AI inference services.
- The reports cite The Wall Street Journal and Bloomberg as primary sources for deal details.
Baseten, which provides software and computing capacity to companies tapping into lower-cost AI models, just closed a $1.5 billion Series F round at a $13 billion valuation. Baseten CEO Tuhin Srivastava and Apoorv Agrawal, partner at Altimeter, which co-lead this round, sit down with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
2 months agoStartup Baseten is reportedly close to finalizing a $1.5 billion round at a $13 billion as the “inference gold rush" marches on.
2 months agoBaseten is finalizing a $1.5 billion fundraising round to support its inference software layer that enables customers to run, optimize and train open-source artificial intelligence models, the Wall Street Journal reported Thursday (June 18). The round will have a dual-tiered structure in which some participants will invest at an $11 billion valuation and others […] The post Baseten Nears $1.5 Billion Funding Round as Inference Demand Surges appeared first on PYMNTS.com.
2 months agoBaseten is finalising a $1.5bn funding round that values the company at up to $13bn. The structure is almost as notable as the size. The round is dual-tiered, with some investors buying in at an $11bn valuation and others at $13bn, according to the company via the Wall Street Journal. It is a tactic a […] This story continues at The Next Web
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