Baseten, a San Francisco, CA-based inference platform for AI-native products, has raised $75 million in Series C funding.
Investors
The round was co-led by IVP and Spark, with additional participation from Greylock, Conviction, South Park Commons, 01 Advisors, and Lachy Groom. This round brings the company’s total funding to $135 million.
IVP is a venture capital and growth equity firm based in the United States. It invests in later-stage companies demonstrating strong product-market fit and rapid scaling potential. IVP focuses on sectors such as technology, healthcare, and consumer products, providing funding to businesses poised for significant growth.
Spark Capital is a venture capital firm that invests in the consumer, commerce, fintech, software, frontier, and media sectors. The firm provides capital, strategic guidance, and operational support to help companies scale and achieve significant milestones.
Baseten Use of Funds
The company will use the funds to support product development, team growth, and geographic expansion.
About Baseten
Baseten is an AI infrastructure software company that provides an inference platform designed to help developers deploy, manage, and scale machine learning models in production. The company introduced significant product features, including multi-cloud and multi-cluster support, hybrid cloud capabilities, and TensorRT integrations. Committed to exceptional performance, reliability, and cost-efficiency, Baseten is dedicated to scaling the next great AI products. Notable customers include Writer, Descript, Abridge, and Gamma.
Funding Details
Company: Baseten, Inc.
Raised: $75.0M
Round: Series C
Funding Date: February 2025
Lead Investors: IVP, Spark Capital
Additional Investors: Greylock, Conviction, South Park Commons, 01 Advisors, Lachy Groom
Company Website: https://baseten.co/
Software Category: Machine Learning Operations
Source: https://www.businesswire.com/news/home/20250218263765/en