Baseten in talks to raise $1B at $11B valuation
Baseten, an AI inference infrastructure startup, is in talks to raise around $1B at an $11B valuation, per Tech Startups. That doubles its $5B mark from three months ago, after annualized revenue jumped to about $600M from $200M in Q1. Source: techstartups.com
AI inference startup Baseten is reportedly in talks to raise about $1 billion at an $11 billion valuation, according to Tech Startups. The round would more than double the $5 billion valuation Baseten announced just three months ago. The trigger is steep revenue growth: annualized revenue is reported to have climbed to roughly $600 million by the end of Q1 2026, up from $200 million at the start of the quarter, and roughly 20 times what the company was generating in March 2025. Baseten was founded in 2019 and focuses on the infrastructure layer that enterprises use to deploy and run AI models in production. The company sits in the AI inference market, the same segment as Together AI, Fireworks, and Modal. The reported deal is not finalized and terms could still change. Sources: - Tech Startups: https://techstartups.com/2026/05/26/ai-inference-startup-baseten-in-talks-to-raise-1-billion-at-11-billion-valuation/ - Shopifreaks: https://www.shopifreaks.com/baseten-in-talks-to-raise-1b-at-an-11b-valuation-more-than-doubling-its-valuation-from-just-three-months-ago/