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Story perspectives

Baseten Seeks $1.5 B Funding at $11-13 B Valuations

6/19/2026

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Story summary
  • Baseten is finalizing a $1.5 billion fundraising round.
  • The round uses a dual-tiered structure, with some investors committing at an $11 billion valuation and others at a $13 billion valuation.
  • CEO Tuhin Srivastava says open-source AI models are “getting very, very good.”
  • Executives state that inference is beginning to dominate the AI industry.