Baseten Secures $40 Million in Series B

by Kay Aloha Villamor in March 5th, 2024

Baseten, a San Francisco, CA-based AI infrastructure company, secured $40 million in Series B funding.   

SaaS Investors  

The funding round was led by prominent venture capital firms IVP and Spark Capital, with participation from existing investors Greylock, South Park Commons, Lachy Groom, and Base Case.  

Founded in 1980, IVP is a venture capital firm based in Menlo Park, California with additional offices in London and San Francisco. The firm prefers to invest in the media, insurance, software, cloud, manufacturing, industrials, cybersecurity, consumer, enterprise, and SaaS sectors.  

Spark Capital is a venture capital firm based in Boston, Massachusetts. Founded in 2005, the firm prefers to invest in consumer, commerce, FinTech, software, frontier, and media sectors.  

Baseten Use of Funds  

The company intends to utilize the funds raised to expand its operations and further develop its platform.  

About Baseten  

Founded in 2019, Baseten specializes in providing a platform for running machine learning workloads in users' cloud environments. Their platform offers native workflows designed to handle large models in production, eliminating the need for users to manage versioning, roll-out processes, and observability concerns. Notable companies such as Descript, Picnic Health, Writer, Patreon, Loop, and Robust Intelligence rely on Baseten to power their core machine-learning workloads.  

Funding Details                        

Company: BaseTen Labs, Inc.  

Raised: $40.0M   

Round: Series B                           

Funding Month: March 2024                 

Lead Investors: IVP and Spark Capital  

Additional Investors: Greylock, South Park Commons, Lachy Groom, and Base Case  

Company Website:  

Software Category: MLOps platform  


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