Baseten Raises $1.5B at $13B Valuation on June 23

According to Reuters, Baseten raised $1.5 billion on June 23, valuing the California-based AI inference startup at $13 billion. Sands Capital and Wellington Management led the funding round, with Blackbird VC also participating in what it described as its largest single investment to date. The company said its revenue grew 20x over the past year and plans to use the funds to expand computing capacity, software, and hiring.
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