Market & RegulationInvestment · $1.5B
AI Drives $1.5B Funding for Baseten
Crunchbase Newshigh confidence
Why it matters
- →Baseten's $1.5B funding round is one of the largest in the AI sector, indicating strong investor confidence.
- →The funding will enable Baseten to enhance its AI inference technology, crucial for running AI applications.
- →This investment highlights the ongoing trend of significant capital flowing into AI infrastructure development.
Baseten, a San Francisco-based AI inference technology provider, has raised $1.5 billion in a Series F funding round. The round was co-led by Altimeter Capital, Conviction Partners, and others, setting the company's valuation at $13 billion. This significant investment underscores the growing interest in AI technologies, particularly those that support AI application workloads. Baseten plans to use the funds to advance its systems software, solidifying its role in the AI infrastructure sector.
Read originalThe story around this
Earlier coverage that leads up to this article, and what followed. Lines connect each piece to the closest one after it, converging here.
More from Crunchbase News
More in Market & Regulation
© TechCrunch AIMarket & Regulationbusiness
Crusoe cancels $1.25B Boom turbine deal
The collapse of Crusoe’s $1.25 billion order for Boom Supersonic’s stationary turbines exposes the fragility of AI infrastructure financing. While Crusoe raised $3.9 billion, it pivoted away from on-site gas generation, opting instead for grid power and diverse energy mixes. This signals that even well-funded data center operators are prioritizing flexibility over massive, long-term capital commitments to specialized hardware. Boom’s pivot to sell jet engines as power plants was a bold bet on AI energy needs, but losing its anchor customer suggests the market is more cautious than anticipated.
TechCrunch AI
© TechCrunch AI
