Key Metrics
Valuation
$13B
As of Jul 30, 2026Value Add Pulse research
Revenue
~$600M (Mar 2026 — ~+1,900% YoY, up from $200M in Dec 2025)
Total funding
$2B+
As of Jul 30, 2026Value Add Pulse research
Company Snapshot
Baseten is a AI infra company, based in San Francisco, CA, founded 2019. Latest valuation $13B (As of Jul 30, 2026, Value Add Pulse research). Total funding $2B+ (As of Jul 30, 2026).
Recent changes
- Jul 30, 2026Jul 30, 2026First reported total funding: $2B+ Value Add Pulse enrichment
- Jul 30, 2026Jul 30, 2026Valuation rose from ~$13B to $13B Value Add Pulse enrichment
- Jun 26, 2026Jun 26, 2026Raised $1.5B Series F at a $13B valuation Crunchbase News
- Jun 26, 2026Jun 26, 2026New investor: Altimeter Capital Crunchbase News
- Jun 26, 2026Jun 26, 2026New investor: Wellington Management Crunchbase News
Earlier changes (8)
- Jun 26, 2026Jun 26, 2026New investor: Sands Capital Crunchbase News
- Jun 26, 2026Jun 26, 2026New investor: Conviction Crunchbase News
- Jun 26, 2026Jun 26, 2026New investor: Spark Capital Crunchbase News
- Jun 26, 2026Jun 26, 2026Baseten Raises $1.5B Series F at a $13B Valuation as AI Inference Demand Explodes Pulse story
- Jun 25, 2026Jun 25, 2026Baseten Raises $1.5B Series F at a $13B Valuation for AI Inference Pulse story
- Jun 18, 2026Jun 18, 2026Baseten Reportedly Raising ~$1.5B at a $13B Valuation as AI Inference Becomes the Hot Trade Pulse story
- Jun 2026Jun 2026First reported valuation: ~$13BEstimated StartupFortune — Baseten raises $1.5B at $13B
- Mar 2026Mar 2026First reported revenue: ~$600M (Mar 2026 — ~+1,900% YoY, up from $200M in Dec 2025)Estimated StartupFortune — Baseten raises $1.5B at $13B
Funding History
1 event · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jun 26, 2026 | Series F | $1.5B | $13B | Pulse story |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Jul 30, 2026 | $13B | Reported | Value Add Pulse research |
| Jun 2026 | ~$13B (Series F, Jun 2026) | Estimated | StartupFortune — Baseten raises $1.5B at $13B |
| Jun 2026 | ~$13B | Estimated | StartupFortune — Baseten raises $1.5B at $13B |
Investors
Latest Pulse
- Sep 25, 2026Figma Exec Joins AI Inference Startup BasetenA senior Figma executive is joining AI inference startup Baseten, another sign that operating talent is flowing from the application layer toward the AI infrastructure layer.→
- Aug 11, 2026IBM and Together AI Ink $240M Deal for Inference ClusterIBM and Together AI signed a $240 million deal to build a large-scale Nvidia Blackwell inference cluster on IBM Cloud, targeting enterprises seeking cheaper open-source AI inference.→
- Jul 6, 2026Ornn Wants Investors to Trade GPU Compute Like a CommodityA new startup called Ornn is pitching investors on trading GPU compute capacity the way commodities like oil or wheat are traded, betting that AI compute scarcity has become predictable enough to price as a financial instrument.→
- Jul 6, 2026Why It's Time for LPs to Leave the Megafund CrowdNew Crunchbase analysis argues 2026's flight to megafund safety has been a year of misplaced fear, making the case that emerging managers now offer better risk-adjusted returns than the largest, most crowded funds.→
- Jul 5, 2026Why the Same Five Neoclouds Keep Landing MegaroundsBaseten, Together AI and Crusoe have each raised nine- or ten-figure rounds within the past year, showing AI infrastructure capital increasingly recycling into a small, familiar set of 'neocloud' names rather than funding new entrants.→
- Jul 1, 2026Together AI Raises $800M at $8.3B Valuation as Open-Source Inference Demand TriplesTogether AI closed an $800 million Series C on July 1 at an $8.3 billion post-money valuation, more than doubling its prior mark. The round was led by Aramco Ventures with Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital and others participating, as annual bookings crossed $1.15 billion on the back of open-source model usage tripling industry-wide in twelve months.→
- Jun 26, 2026Groq Raises $650M to Scale Its AI Inference Cloud and LPU ChipsAI inference chipmaker Groq raised $650 million from investors including Infinitum and Disruptive to scale its LPU-based inference cloud, betting that purpose-built silicon can undercut GPUs on the cost and speed of serving large models. The round is part of a week dominated by bets on the inference layer, from Baseten's $1.5B to AI-networking deals.→
- Jun 26, 2026Baseten Raises $1.5B Series F at a $13B Valuation as AI Inference Demand ExplodesAI inference provider Baseten closed a $1.5 billion Series F at a $13 billion valuation, the largest funding round of the week, led by Altimeter Capital and Conviction Partners with Spark, Sands and Wellington participating. The raise underscores how serving AI models -- not just training them -- has become one of the most valuable and capital-intensive layers of the stack.→
- Jun 25, 2026Baseten Raises $1.5B Series F at a $13B Valuation for AI InferenceAI inference software provider Baseten raised a $1.5 billion Series F at roughly a $13 billion valuation -- its fourth fundraise in 18 months and the largest US venture round of the week. The company sells the systems software that lets enterprises run AI workloads efficiently, riding the shift in AI spending from one-time training to perpetual, usage-based inference.→
- Jun 18, 2026Baseten Reportedly Raising ~$1.5B at a $13B Valuation as AI Inference Becomes the Hot TradeAI inference platform Baseten is reportedly raising roughly $1.5 billion at a valuation of up to $13 billion -- tripling its mark in about five months -- co-led by Spark Capital, Sands Capital, Altimeter and Wellington. The round captures investors racing into the layer that actually serves AI models in production, where Baseten's ARR has reportedly jumped from $200M to $600M.→
Coverage Timeline
newest first- Sep 25, 2026PEOPLEFigma Exec Joins AI Inference Startup Baseten→
- Jul 5, 2026FUNDINGWhy the Same Five Neoclouds Keep Landing Megarounds$5.3B+ combined across 3 repeat raises→
- Jun 26, 2026FUNDINGBaseten Raises $1.5B Series F at a $13B Valuation as AI Inference Demand Explodes$1.5B→
- Jun 25, 2026FUNDINGBaseten Raises $1.5B Series F at a $13B Valuation for AI Inference$1.5B→
- Jun 18, 2026FUNDINGBaseten Reportedly Raising ~$1.5B at a $13B Valuation as AI Inference Becomes the Hot Trade~$1.5B→
All Coverage
PEOPLE
Figma Exec Joins AI Inference Startup Baseten
A senior Figma executive is joining AI inference startup Baseten, another sign that operating talent is flowing from the application layer toward the AI infrastructure layer.
DEEP DIVE
Why the Same Five Neoclouds Keep Landing Megarounds
FUNDING$5.3B+ combined across 3 repeat raises
Why the Same Five Neoclouds Keep Landing Megarounds
Baseten, Together AI and Crusoe have each raised nine- or ten-figure rounds within the past year, showing AI infrastructure capital increasingly recycling into a small, familiar set of 'neocloud' names rather than funding new entrants.
Baseten Raises $1.5B Series F at a $13B Valuation as AI Inference Demand Explodes
FUNDING$1.5B
Baseten Raises $1.5B Series F at a $13B Valuation as AI Inference Demand Explodes
AI inference provider Baseten closed a $1.5 billion Series F at a $13 billion valuation, the largest funding round of the week, led by Altimeter Capital and Conviction Partners with Spark, Sands and Wellington participating. The raise underscores how serving AI models -- not just training them -- has become one of the most valuable and capital-intensive layers of the stack.
Baseten Raises $1.5B Series F at a $13B Valuation for AI Inference
FUNDING$1.5B
Baseten Raises $1.5B Series F at a $13B Valuation for AI Inference
AI inference software provider Baseten raised a $1.5 billion Series F at roughly a $13 billion valuation -- its fourth fundraise in 18 months and the largest US venture round of the week. The company sells the systems software that lets enterprises run AI workloads efficiently, riding the shift in AI spending from one-time training to perpetual, usage-based inference.
Baseten Reportedly Raising ~$1.5B at a $13B Valuation as AI Inference Becomes the Hot Trade
FUNDING~$1.5B
Baseten Reportedly Raising ~$1.5B at a $13B Valuation as AI Inference Becomes the Hot Trade
AI inference platform Baseten is reportedly raising roughly $1.5 billion at a valuation of up to $13 billion -- tripling its mark in about five months -- co-led by Spark Capital, Sands Capital, Altimeter and Wellington. The round captures investors racing into the layer that actually serves AI models in production, where Baseten's ARR has reportedly jumped from $200M to $600M.
Value Add Research
- AI & Technology · Jul 9, 2026$75M Series C — Baseten AI Inference (2026)
- AI & Technology · Jun 30, 2026Baseten's ARR Grew 1,900% YoY to a $13B Valuation
- AI & Technology · Sep 6, 2026Gimlet Labs Valuation: $3B After a $300M Series B
- AI & Technology · Aug 19, 2026How Hugging Face Makes Money: ~$150M ARR and the $12.9B Nvidia Deal
- VC & Investing · Jul 31, 2026$122B OpenAI, $65B Anthropic — 2026 AI Rounds
- AI & Technology · Jul 23, 2026How Does Baseten Make Money: GPU-Minute Pricing, $600M ARR
- AI & Technology · Jul 18, 2026Fireworks AI Jumped $4B to $17.5B in 7 Months on $1B ARR
Related Companies
Competitors
Shared investors
Trace's Take
Baseten is the purest bet on the 'inference is the real AI infrastructure' thesis: a $5B company in January, ~$13B by June, with annualized revenue up ~20x year over year. The growth is real because the tailwind is real — every team moving off closed APIs onto open-source models needs a production layer. The risk is that inference is the most contested layer in AI, with hyperscalers and Nvidia sitting directly upstream of Baseten's margins.
How Baseten makes money
Baseten runs usage-based AI inference: customers pay either for API consumption on open-source models or for GPU minutes/hours, with Baseten packaging autoscaling, observability, billing, and developer tooling around it.
Growth is driven by companies moving workloads onto open-source and custom models instead of closed APIs — Baseten is the production layer that makes that switch operationally viable, which is why its annualized revenue tripled in a single quarter.
Competitors
- Together AI — Open-model inference and fine-tuning platform.
- Fireworks AI — Fast inference for open-source models.
- Modal & Replicate — Developer-first model-serving and compute platforms.
- Hyperscalers & Nvidia — AWS Bedrock, Azure, GCP inference plus Nvidia's own stack.
Profile sources (verified 2026-06-30): StartupFortune — Baseten raises $1.5B at $13B · The Information — Baseten talks $1B raise at $11B · Sacra — Baseten
Baseten FAQ
What is Baseten's ARR/revenue?
Baseten reached roughly $600 million in annualized revenue by March 2026 — about +1,900% year over year — up from $200 million in December 2025.
What does Baseten do?
Baseten runs a usage-based AI inference platform: customers pay for API consumption on open-source models or for GPU minutes/hours, and Baseten handles autoscaling, observability, billing, and tooling. It serves 1B+ inference calls per day across 87 clusters and 18 clouds.
Why is AI inference such a hot category?
As companies move workloads off closed APIs and onto open-source and custom models, they need a reliable production layer to serve them at scale — making inference one of AI's most contested infrastructure layers, with platforms like Baseten growing ~20x year over year.
What is Baseten's valuation?
Baseten's valuation is $13B (As of Jul 30, 2026, Value Add Pulse research).
How much has Baseten raised?
Baseten has raised $2B+ in total funding (As of Jul 30, 2026, Value Add Pulse research).
Who are Baseten's investors?
Baseten's investors include Altimeter Capital, Conviction, Sands Capital, Spark Capital, Wellington Management, and 6 more (As of Jul 30, 2026).
Sources & methodologyshow
Where these figures come from
- Crunchbase Newsresearch database1 fact
- Value Add Pulse researchValue Add VC data2 facts
- StartupFortune — Baseten raises $1.5B at $13BValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.