AI Inference Provider Baseten in Talks to Raise $1 Billion at $11 Billion Valuation After Revenue Jumps to $600 Million
AI inference provider Baseten is in talks to raise $1 billion at an $11 billion valuation after annualized revenue jumped from $200 million to $600 million in the first quarter, drawing investor interest to the startup.
The proposed valuation is more than double Baseten's level from three months ago. The financing remains under discussion, so the final size and valuation could still change.
From the sources (8 posts)
@mtsliveSITUATION BREWING: AI inference provider Baseten is in talks to raise $1B at an $11B valuation, per The Information.
@katie_roofRT @MTSlive: SITUATION BREWING: AI inference provider Baseten is in talks to raise $1B at an $11B valuation, per The Information.
@katie_roofScoop: AI inference provider @baseten raising at $11B post-money valuation w/ @steph_palazzolo
@katie_roofRT @theinformation: Investors are circling Baseten after its annualized revenue jumped from $200 million to $600 million in a single quarte…
@theinformationInvestors are circling Baseten after its annualized revenue jumped from $200 million to $600 million in a single quarter. More details:
@katie_roofRT @Techmeme: Source: AI inference provider Baseten is in talks to raise $1B at a post-money valuation of $11B, up from $5B after its $300M…
@katie_roofRT @steph_palazzolo: New: Inference provider Baseten is raising $1b at a $11b valuation. That’s 2x+ more than its valuation from 3 months a…
@steph_palazzoloNew: Inference provider Baseten is raising $1b at a $11b valuation. That’s 2x+ more than its valuation from 3 months ago. The round follows strong revenue growth: the company grew from $200m to $600m in ARR in Q1 w/ @Katie_Roof https://