Nvidia-Backed Baseten Starts $2 Billion Funding Round at Up to $30 Billion Valuation

AI inference company Baseten has begun raising $2 billion in a new funding round at a valuation of up to $30 billion, with existing investor Sands Capital expected to lead. According to Odaily, Baseten was founded in 2019 and provides enterprises with a platform to deploy and run AI models. The company raised $1.5 billion in June at a $13 billion valuation. Competitor Fireworks AI raised $1.5 billion in July at a $17.5 billion valuation. Nvidia invested $150 million in Baseten in January.