Baseten, a San Francisco–based AI inference platform, has raised $150 million in Series D funding led by Bond, valuing the company at $2.15 billion. The raise comes just six months after Baseten’s $75 million Series C, nearly tripling its valuation.
The company provides infrastructure that enables trained AI models to generate predictions and decisions—a process known as inference. Its platform helps enterprises deploy, manage, and scale applications powered by large language models, video generation models, and voice-to-text systems.
CEO and co-founder Tuhin Srivastava said Baseten is “laying the train tracks so the models can run” supporting customers such as Abridge, OpenEvidence, Clay, Patreon, and Writer. He added that revenue grew more than 10x over the last year.
New investors CapitalG, Premji, and Scribble joined the round, alongside existing backers Conviction, 01a, IVP, Spark, and Greylock. “Inference will be one of the biggest markets in AI” said Sarah Guo, Conviction founder. “Baseten has the leading product and the happiest customers in the category.”
Jay Simons, general partner at Bond, described the company’s biggest challenge and opportunity as rapid growth. “Baseten carries an incredible amount of responsibility for its customers. It’s a critical service that needs to be absolutely bullet-proof” he said.
Founded by Srivastava with Amir Haghighat, Philip Howes, and Pankaj Gupta, Baseten sees inference as the foundation of the AI economy. “We think AI applications are the last great market” Srivastava said. “If the market as a whole wins, we win.”
