Baseten, a San Francisco, CA based AI infrastructure company, raised $40M in Series B funding.
The round was led by IVP and Spark Capital, with participation from existing investors Greylock, South Park Commons, Lachy Groom, and Base Case.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2019, Baseten provides a platform to run machine learning workloads – in the cloud of users. Its native workflows serve large models in production so users don’t need to think about version management, roll-out, and observability. Companies like Descript, Picnic Health, Writer, Patreon, Loop, and Robust Intelligence use it to power core machine learning workloads.
Baseten recently added:
- Multi-cloud support so that customer workloads can span across multiple clouds and regions.
- Integrations with best in-class runtimes like TensorRT.
- Partnerships with AWS and GCP, so customers can access the best hardware and don’t need to spend months negotiating for compute from cloud providers.
In the next quarter, they’ll be adding more clouds (and GPUs), a brand new orchestration layer (think build pipelines, queues, etc.), and an optimization engine to make sure workloads are running as performantly as possible.
FinSMEs
04/03/2024