BasetenTranslation site

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Valued at over $200 million, specializing in app building platforms, founded in California in 2019

Location:
United States of America
Language:
en
Collection time:
2024-07-10
BasetenBaseten

Baseten is an American artificial intelligence company founded in 2019, headquartered in San Francisco, focused on providing cloud-based machine learning infrastructure services, with its core product being a machine learning application building platform.

Core Products and Features

  • Machine learning workloads running in the cloud: Performs model training and inference in the user's cloud environment without regard to infrastructure management.
  • Model Versioning and Deployment: Streamline the iterative update and release process for large models and support rapid go-live of new releases.
  • Observability monitoring: Provides features that simplify versioning, rollout, and observability of large models.
  • Multi-cloud support and model orchestration: Enables seamless integration of multi-cloud environments, optimizes model execution efficiency, and reduces latency and cost.
  • Applied Performance Research: Adoption of specific frameworks to improve model performance and cost efficiency.
  • Embedded AI Engineer Support: Provide 24/7 support to accelerate customer product launches.

Financing

  • Series B Financing: In March 2024, Baseten closed a $40 million Series B round led by IVP and Spark Capital.
  • Series C Financing: In February 2025, Baseten closed a $75 million Series C funding round, significantly increasing its valuation and market size. The round was used to optimize the technology platform and expand the business.

Market Performance and Customers

  • Named to Forbes AI 50 list: Baseten was named to the Forbes AI 50 list in 2024 and 2025, marking its leadership in AI infrastructure.
  • our customers: Baseten's customers are primarily companies developing AI applications, including Descript, Picnic Health, and others. Its platform powers core machine learning workloads for a wide range of organizations as well as developers.

Technical cooperation and advantages

  • Partnering with Cloud Service Providers: Baseten works with major cloud service providers such as AWS and GCP to enable seamless integration in multi-cloud environments.
  • Platform Advantages: Baseten's platform is uniquely positioned to simplify the management of machine learning workloads, enabling models to be deployed and serviced efficiently and cost-effectively, helping users manage and deploy AI models more effectively.

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