Baseten Labs Inc. secured $40M in Series B funding led by IVP and Spark Capital to enhance AI deployment solutions.

Mar 05, 2024•over 1 year ago

Amount Raised

$40 Million

Round Type

series b

San FranciscoSoftware

Investors

Spark CapitalIvp

Description

Baseten Labs Inc. announced a significant $40 million Series B funding round, led by IVP and Spark Capital, with contributions from existing investors. This funding places Baseten's valuation at over $200 million and aims to support sales and marketing expansion, as well as product innovation for AI deployment and scalability.

Company Information

Company

Baseten

Location

San Francisco, California, United States

About

Baseten is the leader in infrastructure software for high-scale AI products, offering the industry's most powerful AI inference platform. Committed to delivering exceptional performance, reliability, and cost-efficiency, Baseten is on a mission to help the next great AI products scale. Top-tier investors, including IVP, Spark, Greylock, Conviction, Base Case, and South Park Commons back Baseten.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech