NVIDIA-Backed Baseten Launches $2 Billion Funding Round, Targeting Valuation Up to $30 Billion

On October 31, Bloomberg reported that AI inference company Baseten has launched a new funding round aimed at raising $2 billion at a valuation of up to $30 billion, with existing investor Sands Capital expected to lead the round.

Founded in 2019, Baseten primarily provides an AI model deployment and inference platform for enterprises, enabling them to run multiple AI models. In June of this year, the company secured $1.5 billion in funding at a valuation of $13 billion.

Its competitor, Fireworks AI, also raised $1.5 billion at a $17.5 billion valuation in July of this year. Additionally, Nvidia invested $150 million in Baseten in January to further expand its footprint in the AI inference space.