#baseten Tech News.
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Baseten is finalizing a $1.5 billion fundraising round at an $11 billion to $13 billion valuation. The inference software provider helps customers run and optimize open-source AI models. Demand is surging as companies seek lower-cost alternatives to expensive closed-source models. Baseten sources computing from 20 cloud providers.
Baseten is finalizing a $1.5bn funding round valuing the company at up to $13bn, more than doubling its $5bn valuation from January. The round is co-led by Altimeter Capital, Conviction, Spark Capital, Sands Capital, and Wellington Management. The company sells inference infrastructure, betting profits lie in running cheaper open-source models.
AI inference startup Baseten is raising $1.5 billion in a dual-tiered deal. Some investors are putting in money at an $11 billion valuation, while others are investing at a $13 billion valuation. The company is part of a growing Silicon Valley ecosystem offering services for low-cost AI models.
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