Baseten nears $1.5B raise at $13B valuation

Baseten is closing in on a $1.5 billion funding round valuing the AI inference platform at up to $13 billion, just five months after a $300 million Series E at $5 billion. The split-priced deal includes investors at an $11 billion floor and a $13 billion ceiling. The raise reflects investor focus shifting from building models to inference infrastructure.