Baseten recently announced a $150 million Series D funding round, bringing the company's valuation to $2.15 billion. This round was led by BOND, with new investors including CapitalG, Premji, and Kevin and Elizabeth Weil from Scribble, as well as participation from existing investors Conviction, 01a, IVP, Spark, and Greylock. This funding has brought Baseten's total fundraising over $285 million.
Image Source Note: The image is AI-generated, and the image licensing service is Midjourney.
With the rapid adoption of AI technology, the inference process has become increasingly important. Inference is the process of running AI models, and this process is closely related to the revenue of AI applications. According to the latest data, the inference market has exceeded $100 billion and is one of the fastest-growing markets in history. In the past year, customers such as Abridge, Captions, Clay, OpenEvidence, and Writer have used Baseten's platform to drive the development of their products, which have generated billions of dollars in revenue across various industries.
Tuhin Srivastava, co-founder and CEO of Baseten, said that inference will be the foundation for the development of next-generation technology companies, just as cloud computing played a role over the past 15 years. Baseten aims to become an essential part of the AI economy. Baseten's platform is designed for inference, offering high performance, cost-effectiveness, and scalability required by modern AI applications. By combining applied AI research, flexible infrastructure, and seamless development tools, Baseten enables companies at the forefront of AI to deploy cutting-edge models into production.
Many companies using Baseten's platform have stated that Baseten provides the speed, scale, and reliability they need. Kareem Amin, CEO of AI GTM platform Clay, said that using Baseten allowed them to launch new AI capabilities faster, improved quality, and gave them more confidence when dealing with clients. Dr. Shiv Rao, CEO of medical company Abridge, also said that Baseten's infrastructure supports their mission, helping provide fast and reliable inference services.
This Series D funding will help Baseten expand its team and products to meet growing customer demand. The company plans to invest more in model performance research, infrastructure, and development tools, while also expanding its customer team. These efforts will help fast-growing AI companies maintain high reliability and performance in large-scale product delivery.
Baseten has recently launched a series of products, including Baseten Model APIs and Baseten Training, which allow developers to quickly put models into production and customize them to improve quality and performance. With continuous innovation in AI, Baseten is committed to accelerating this process.
Key Points:
🌟 Baseten completed a $150 million Series D funding round, with a valuation of $2.15 billion.
🚀 The inference market has exceeded $100 billion and is one of the fastest-growing markets in history.
💡 Baseten's platform provides high-performance and reliable support for fast-growing AI companies.
