AI inference startup Baseten reportedly raising $1.5B months after its last mega round
Summary
AI inference provider Baseten is reportedly finalizing a $1.5 billion funding round, which would mark a significant valuation jump to as much as $13 billion just five months after its $300 million Series E. The deal, co-led by investors including Spark Capital and Altimeter Capital, is described as a split-priced round, with valuations ranging between $11 billion and $13 billion. Founded in 2019, Baseten specializes in optimizing inference processes by routing user prompts to cost-effective and efficient open-source models.
(Source:TechCrunch)