The double-layer valuation structure is quite interesting, with two tiers at 1.1 billion and 1.3 billion—old shareholders and new capital each getting what they need—Baseten’s latest funding round was handled quite meticulously.

Crypto news, AI inference service provider Baseten is finalizing a $1.5 billion funding round, with a dual-structure valuation, with some investors subscribing at a $1.1 billion valuation and others co-investing at a $1.3 billion valuation. This round of funding is led jointly by Altimeter Capital, Conviction, Spark Capital, Sands Capital, and Wellington Management. Baseten CEO Tuhin Srivastava stated that switching to open-source models for specific tasks costs only 30% of closed-source models. By the end of Q1 2026, Baseten's annual recurring revenue grew from $200 million to $600 million.