Odaily Planet Daily reports: AI inference company Baseten has announced the launch of a new funding round of $2 billion, with a valuation of up to $30 billion. Existing investor Sands Capital is expected to lead this round. Founded in 2019, Baseten provides enterprises with an AI model deployment and inference platform to run multiple AI models. In June of this year, the company completed a $1.5 billion funding round at a $13 billion valuation. Its competitor, Fireworks AI, raised $1.5 billion in July at a $17.5 billion valuation. It is reported that NVIDIA invested $150 million in Baseten in January this year, further strengthening its strategic positioning in the AI inference sector. (Bloomberg)
AI inference firm Baseten launches $2 billion funding round, valued at up to $300 billion
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Summary
AI inference firm Baseten is set to launch a $2 billion funding round, with its current valuation estimated at $300 billion. Sands Capital is expected to lead the round. The company, which specializes in AI model deployment for enterprises, previously raised $1.5 billion in June at a $130 billion valuation. NVIDIA also invested $150 million in January. This funding announcement underscores Baseten’s rapid growth within the AI and crypto sectors.
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