NVIDIA-backed Baseten launches $2 billion fundraising round, targeting valuation of up to $30 billion

TechFlow reported on Oct. 31 that, according to Bloomberg, AI inference company Baseten has launched a new funding round to raise $2 billion, targeting a valuation of up to $30 billion, with existing investor Sands Capital expected to lead the round.

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

Its competitor Fireworks AI also completed a $1.5 billion funding round at a $17.5 billion valuation in July this year. Additionally, NVIDIA invested $150 million in Baseten in January this year, further expanding its presence in the AI inference sector.

Source: TechFlow