Baseten
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Investors
Founders
About
Baseten is an AI inference platform that helps companies deploy, scale, and serve machine learning models in production 12. The company says it processes more than one billion inference calls per day across 87 global clusters on 18 cloud providers, and reports approximately 20x year-over-year revenue growth 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2024-03-04 | Series B | $40M | IVP, Spark Capital | Greylock, South Park Commons, Lachy Groom, Base Case (existing investors participating) 678 |
| 2026-01-23 | Series E | $300M | IVP, CapitalG | NVIDIA ($150M check); 01A, Altimeter Capital, Battery Ventures, BOND, BoxGroup, Blackbird Ventures, Conviction, Greylock 345 |
| 2026-06-22 | Series F | $1.5B | Altimeter Capital, Conviction, Spark Capital | Sands Capital, Wellington Management (co-leads); IVP, Greylock, 01A, Blackbird, Durable Capital Partners, Verified Capital, Battery Ventures, D. E. Shaw Ventures 12 |
The Series F was structured in two tranches at $13 billion and $11 billion valuations, reflecting staggered timing of investor commitments 12.
What Investors Say
“The inference market is compounding faster than almost anything we’ve seen, and some of the most sophisticated AI companies in the world are standardizing on Baseten.”
— Apoorv Agrawal, Partner at Altimeter Capital 1
What Founders Say
“The future of AI will be built on millions of specialized models, and the companies building the best ones know that post-training has become existential.”
— Tuhin Srivastava, CEO and Co-Founder of Baseten 1
Sources
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“Baseten Raises $1.5 Billion to Power the Next Era of AI Inference,” Business Wire press release, June 22, 2026, accessed June 28, 2026. https://www.businesswire.com/news/home/20260622645563/en/Baseten-Raises-$1.5-Billion-to-Power-the-Next-Era-of-AI-Inference↩↩↩↩↩↩
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Yahoo Finance, “Baseten Raises $1.5 Billion to Power the Next Era of AI Inference,” June 22, 2026, accessed June 28, 2026. https://finance.yahoo.com/technology/ai/articles/baseten-raises-1-5-billion-130000555.html↩↩↩↩
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Business Wire, “Baseten Raises $300M at a $5B Valuation to Power a Multi-Model Future,” January 23, 2026. Accessed August 2026. https://www.businesswire.com/news/home/20260123035833/en/Baseten-Raises-$300M-at-a-$5B-Valuation-to-Power-a-Multi-Model-Future↩
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Baseten blog, “Announcing Baseten’s $300M Series E,” January 23, 2026. Accessed August 2026. https://www.baseten.co/blog/announcing-baseten-s-300m-series-e/↩
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TechFundingNews, “Baseten nabs $300M from IVP, CapitalG to challenge Together AI in inference,” January 2026. Accessed August 2026. https://techfundingnews.com/baseten-raises-300m-5b-valuation-nvidia/↩
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Baseten blog, “Announcing our Series B,” March 7, 2024. Accessed August 2026. https://www.baseten.co/blog/announcing-our-series-b/ — Primary company announcement of the USD 40M Series B co-led by IVP and Spark Capital with participation from Greylock, South Park Commons, Lachy Groom, and Base Case. ↩
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Duncan Riley, “Baseten nabs $40M for its cloud-based AI inference platform,” SiliconANGLE, March 4, 2024. Accessed August 2026. https://siliconangle.com/2024/03/04/baseten-nabs-40m-cloud-based-ai-inference-platform/ — Independent tech press dating the announcement to March 4, 2024. ↩
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Kenrick Cai, “Baseten Wants To Power The Next Big Wave Of AI: Making It Useful,” Forbes, March 4, 2024. Accessed August 2026. https://www.forbes.com/sites/kenrickcai/2024/03/04/baseten-series-b-making-ai-useful-inference/ — Tier-1 press confirming the March 4, 2024 Series B and the >USD 200M post-money valuation. ↩