TechCrunch · STARTUPS
Baseten reportedly raising $1.5B for AI inference at $13B valuation
AI inference company Baseten is close to finalizing a stunning $1.5 billion funding round at a $13 billion valuation, the Wall Street Journal reports . Just five months ago, the startup announced that it had raised a $300 million Series E at a $5 billion valuation. And that round was just nine months after raising a $150 million Series D.
If finalized, this latest round would represent a 160% increase in valuation in less than half a year. However, the WSJ reports that this is a split-priced round , a tactic startups are using to boost their headline valuation and make lead investors look good on paper.
Launched in 2019, Baseten is a startup benefiting from what The Next Wave hailed the “ inference gold rush ,” in which VCs are pouring enormous amounts of money into companies building the inference layer. Inference is what the model does after a user submits a prompt.
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