Baseten provides software and multi-cloud compute infrastructure to help companies optimize, customize, and serve open-source AI models, handling inference workloads and latency optimization. The company positions itself as enabling enterprises to deploy open-source models efficiently, competing with closed-source alternatives by reducing costs; at least one customer reported up to a 30% cost reduction. Key customers include Cursor, Mercor, and OpenEvidence. Baseten’s annualized revenue run rate has surged from roughly $200 million to about $600 million. The company has rapidly increased its valuation in 2025–2026 through multiple financing rounds, most recently reaching as high as $13 billion in the current transaction.

Total raised

$2.1B

Funding rounds

7

Latest round

Series F

Latest activity

Jun 2026