Baseten Is Helping Companies Ditch Million-Dollar AI Bills

In 2019, when Baseten was founded, AI and machine learning were already at hype, but few could have predicted just how fast things would evolve. Large models were still a niche pursuit, inference was an afterthought, and the conversation around AI revolved more around research breakthroughs than real-world deployment. Fast forward to 2024, and AI models are not only mainstream but are also driving billion-dollar investments, shifting how businesses operate and compete. On Wednesday, the company announced a new $75 million funding round, bringing its valuation to $825 million. The round was led by existing investors IVP and Spark Capital, with participation from others. The investment signals that venture capitalists see significant value in infrastructure companies that allow enterprise