Baseten Scores $150 Million Series D

SAN FRANCISCO &&num;8212&semi; Baseten, the company powering inference for the world’s fastest-growing AI products, has secured a &dollar;150 million Series D fundraise at a &dollar;2&period;15 billion valuation&period; The round was led by BOND, with participation from new investors CapitalG, Premji, and Kevin and Elizabeth Weil of Scribble&period; Existing investors Conviction, 01a, IVP, Spark, and Greylock also participated&period; This new round of funding brings Baseten’s total capital raised to over &dollar;285 million&period;&NewLine;This fundraise arrives as AI adoption accelerates across sectors, with applications scaling to millions of users in a matter of months&period; At the center of this surge is inference, the process of running the AI models that power these products and applications&period; Inherently tied to all AI application revenue, the over &dollar;100 billion inference market represents one of the largest and fastest-growing in history&period; In the past year alone, customers including Abridge, Captions, Clay, OpenEvidence, and Writer have used Baseten to power products generating billions of dollars of revenue across industries&period;&NewLine;&OpenCurlyDoubleQuote;If cloud was the foundation that enabled the latest generation of great technology companies, inference is the foundation for the next,” said Tuhin Srivastava, Co-founder and CEO of Baseten&period; &OpenCurlyDoubleQuote;Every breakout AI application depends on fast, reliable, and cost-effective inference, the same way the last 15 years of companies depended on the cloud&period; Baseten makes that possible&period; In the same way Stripe became an index of the internet economy, Baseten will become an index of the AI economy&period;”&NewLine;Baseten’s platform is purpose-built for inference, delivering the performance, cost efficiency, and scalability that modern AI applications demand&period; By uniting applied AI research, flexible infrastructure, and seamless developer tooling, Baseten enables companies operating at the frontier of AI to bring cutting-edge models into production&period; As firms become increasingly more demanding around the performance, reliability, and economics of their AI products, Baseten’s Inference Stack has quickly become a cornerstone for hypergrowth AI companies&period;&NewLine;&OpenCurlyDoubleQuote;At Clay, we use Baseten to power our AI experiences because it gives us the speed, scale, and reliability we need,” said Kareem Amin, co-founder and CEO of the AI GTM platform, Clay&period; &OpenCurlyDoubleQuote;The impact has been transformative&period; We launch new AI capabilities faster, with higher quality, and with the confidence they’ll perform for our customers&period; Baseten isn’t just infrastructure for us, it’s a critical piece of how we deliver the next generation of AI-powered GTM&period;”&NewLine;&OpenCurlyDoubleQuote;At Abridge, our mission is to power deeper understanding in healthcare by transforming medical conversations into clinically useful and billable documentation in real time,” said Dr&period; Shiv Rao, CEO and Co-founder of Abridge&period; &OpenCurlyDoubleQuote;Delivering on that promise requires inference that is both fast and trustworthy&period; Baseten supports our mission with infrastructure that scales safely across health systems&period; It is an important component of our technology stack, which is trusted by tens of thousands of clinicians to generate more than a million clinical notes every week&period;”&NewLine;With the Series D funding, Baseten plans to scale its team and product to meet accelerating customer demand&period; The company will double down on investing in model performance research, infrastructure, and developer tooling while also expanding its customer teams&period; These efforts will help the fastest-growing AI companies deliver reliable, high-performance products at scale&period;&NewLine;

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