Announcing our Series F
Blog post from Baseten
Baseten has announced a significant $1.5 billion Series F funding round, led by Altimeter Capital, Conviction Partners, and Spark Capital, among others, marking their fourth fundraising event in 18 months. The company's rapid growth, with revenue increasing 20 times and inference volume growing 40 times over the past year, underscores the vital role of inference in the AI stack. Baseten has become a preferred partner for companies integrating intelligence into their user experience, collaborating with notable clients like Notion, HubSpot, and Abridge. The company emphasizes the importance of leveraging proprietary data and custom reinforcement learning environments to build durable competitive advantages, as highlighted by industry leaders like Satya Nadella. This funding will allow Baseten to invest in resources needed to support its customers as AI becomes integral to business operations, offering a reliable platform for post-training and inference. The company is expanding its team and capabilities to enhance AI infrastructure, encouraging potential collaborators and employees to engage with their mission.
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