According to ChainCatcher, citing the Wall Street Journal and sources familiar with the matter, Baseten, a startup specializing in AI inference, has completed a $300 million funding round, achieving a valuation of $5 billion—nearly double its valuation in the previous round. The round was led by venture capital firm IVP and CapitalG, Alphabet's independent growth fund, with chip giant NVIDIA also participating in the investment and contributing $150 million to Baseten as part of the deal. This transaction highlights NVIDIA's active strategy in investing in startups within the AI inference space. As industry focus shifts from model training to large-scale deployment and inference (i.e., AI models generating outputs based on inputs), NVIDIA is increasing its investments in relevant startups while continuing to support its AI chip customers.
AI Inference Company Baseten Raises $300M in Funding, Valuation Reaches $5 Billion
ChaincatcherShare
Summary
AI and cryptocurrency news firm Baseten has raised $300 million in a new funding round, raising its valuation to $5 billion. The round was led by IVP and CapitalG, with NVIDIA contributing $150 million. The project's funding news highlights growing interest in AI inference as the industry moves toward deployment and scaling. NVIDIA's investment aligns with its broader efforts in the AI hardware and inference market.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.