Tuesday, 23 June, 2026
AI Inference Gold Rush: Baseten Hits $13 Billion Valuation
By TechShots Studio
California-based AI startup Baseten has raised $1.5 billion in a fresh funding round, skyrocketing its valuation to $13 billion—up from $5 billion just six months ago. Led by U.S. firms Sands Capital and Wellington Management, the round featured a record-breaking contribution from Australia’s Blackbird VC. Baseten’s revenue surged 20-fold this past year as companies flock to its cheaper, open-source AI infrastructure alternative over OpenAI.
Read full story at REUTERS