Baseten Raises $1.5B Series F at $13B Valuation

Baseten, based in San Francisco, is an AI inference company that provides infrastructure to power advanced AI applications. The company has secured $1.5 billion in a Series F funding round at a $13 billion valuation, bringing its total funding to more than $2 billion.

Investors

This round was co-led by Altimeter Capital, Conviction, and Spark Capital, with Sands Capital and Wellington Management also serving as co-leads. Additional participating investors include IVP, Greylock, 01A, Blackbird, Durable Capital Partners, Verified Capital, Battery Ventures, and D. E. Shaw Ventures.

Baseten Use of Funds

The company plans to use the capital to increase headcount, specifically focusing on engineering, research, operations, and go-to-market teams, as well as investing in compute infrastructure and accelerating its enterprise go-to-market strategy.

About Baseten

Founded in 2019 by Tuhin Srivastava, Baseten provides systems software that manages the entire workload for AI applications, including GPU management, autoscaling, observability, and billing, enabling teams to prioritize model development and user experience.

Funding Details

Company Website: https://baseten.co

Company: Baseten
Raised: $1.5B
Round: Series F
Funding Date: June 22, 2026
Lead Investor: Altimeter Capital, Conviction, Spark Capital, Sands Capital, Wellington Management
Additional Investors: IVP, Greylock, 01A, Blackbird, Durable Capital Partners, Verified Capital, Battery Ventures, D. E. Shaw Ventures
Software Category: AI Infrastructure
Source: https://www.citybiz.co/article/863525/baseten-raises-1-5-billion-series-f-at-up-to-13-billion-valuation/