Company · Data & infrastructure
Baseten revenue, valuation & funding
Baseten was valued at $13B in its Series F in June 2026, and its yearly revenue run rate was reported at about $600M at the end of March 2026. It's a private company, and its CEO calls going public a long-term goal with no timeline.
At a glance
- Valuation: $13B at its Series F, in June 2026. Bloomberg reported in October 2026 that it was set to raise about $2B at up to $30B.
- Revenue: an annualized run rate of about $600M at the end of March 2026, as reported. Baseten has given no dollar revenue figure of its own.
- Status: private. No stock ticker and no IPO filing.
- Founded: 2019 in San Francisco, by Tuhin Srivastava, Amir Haghighat and Philip Howes.
- CEO: Tuhin Srivastava.
- Investors: Altimeter Capital, Conviction, Spark Capital, Sands Capital, IVP, CapitalG and NVIDIA, among others.
- Products: Dedicated Deployments, Model APIs and Baseten Training, with Sandboxes planned after the Blaxel deal.
- Headquarters: San Francisco.
Is Baseten public? Can you buy its stock?
No. Baseten is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. It hasn't filed for an IPO.
Tuhin Srivastava told Fox Business in August 2026 that his long-term goal is "a generational public company." He gave no timeline.
Its shares are held by its founders and investors. No debt facility, tender offer or employee share sale has been disclosed, according to Revenue Memo. This page reports facts and gives no investment advice.
Valuation, round by round
Its valuation went from $2.15B in September 2025 to $13B in June 2026, about six times in nine months.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Oct 2026 | $30B | In talks | Sands Capital | The Next Web |
| Jun 2026 | $13B | $1.5B | Altimeter Capital, Conviction, and Spark Capital | Business Wire (Baseten press release) |
| Jan 2026 | $5B | $300M | IVP and CapitalG (with NVIDIA as anchor investor) | Business Wire (Baseten press release) |
| Sep 2025 | $2.15B | $150M | Bond | Fortune |
The October 2026 round of about $2B at up to $30B was reported as set to close, and no close has been announced. The Series F came in two tranches, at $13B and $11B.
Revenue
Baseten doesn't publish results. The Information reported its annualized revenue at about $600M at the end of March 2026, up from $200M at the start of that quarter.
| Date | Figure | Basis | Source |
|---|---|---|---|
| May 2026 | $600M | Reported | PYMNTS |
A run rate is a month's revenue times twelve and isn't audited revenue. Baseten said in June 2026 that revenue grew about 20x year over year, with no dollar figure.
How Baseten makes money
Baseten runs AI models for other companies and charges by usage, according to Sacra.
Products
Baseten has bought two companies, Parsed in December 2025 and Blaxel in September 2026. Neither price was disclosed, according to Revenue Memo.
- Dedicated Deployments. Customers pick specific GPU instances and set their own autoscaling. Sacra
- Model APIs. Open-source models served through an API and priced by use. Sacra
- Baseten Training. Runs multi-node fine-tuning jobs that can move to production endpoints. Sacra
- Sandboxes. The first product planned from Blaxel, a startup building execution infrastructure for AI agents that Baseten bought in September 2026. Baseten's blog
- Benchling Inference. A product for biotech R&D teams that runs on Baseten's infrastructure. Sacra
Customers
In January 2026 Baseten named Abridge, Clay, Cursor, OpenEvidence, Mercor and Notion among its customers. Writer and Bland also run workloads on it.
Baseten said its inference volume grew 100x in 2025 (Baseten's blog). Greylock says the platform handles over one billion inference calls a day across 18 cloud providers.
Leadership
- Tuhin Srivastava, co-founder and CEO. Business Wire (Baseten press release)
- Amir Haghighat, co-founder and CTO. Greylock
- Philip Howes, co-founder and chief scientist. Greylock
- Sheila Vashee, chief marketing officer since September 2026. She was CMO at Figma for 3 years before that. Business Wire
Who owns Baseten?
Its founders and investors. Baseten hasn't disclosed how much of the company its founders still own, according to Revenue Memo. No parent company owns it.
Baseten says it has raised over $2 billion to date (Business Wire).
- Altimeter Capital, Conviction and Spark Capital led the $1.5 billion Series F in June 2026, with Sands Capital and Wellington Management as co-leads. Business Wire (Baseten press release)
- IVP and CapitalG anchored the $300 million round in January 2026, along with NVIDIA. Business Wire (Baseten press release)
- NVIDIA put $150 million into that January 2026 round, according to Sacra and Revenue Memo. Sacra
- Bond led the $150 million Series D in September 2025. Fortune
- Battery Ventures, Blackbird, Greylock, Durable Capital Partners, Verified Capital and 01A are among its other investors. Business Wire (Baseten press release)
Competitors
Sacra names several rivals in AI inference, from startups to the large cloud providers.
Timeline and latest news
From its founding to the latest reports, newest first.
- Oct 30, 2026Latest
Bloomberg reported it was set to raise about $2B at up to $30B, led by Sands Capital. The Next Web - Sep 25, 2026Latest
Sheila Vashee joined as chief marketing officer from Figma. Business Wire - Sep 10, 2026Latest
Acquired Blaxel, a startup building sandboxes for AI agents. Baseten's blog - Aug 3, 2026
Tuhin Srivastava told Fox Business he aims to build a public company, with no timeline. FOX Business (The Claman Countdown) - Jun 22, 2026
Announced a $1.5 billion Series F at up to $13 billion. Business Wire (Baseten press release) - Jun 18, 2026
TechCrunch, citing the Wall Street Journal, reported the round was close to final. TechCrunch - May 26, 2026
The Information reported an annualized revenue of about $600M at the end of March. PYMNTS - Jan 23, 2026
Said its inference volume grew 100x in 2025. Baseten's blog - Jan 2026
Raised $300 million at a $5 billion valuation, anchored by IVP, CapitalG and NVIDIA. Business Wire (Baseten press release) - Sep 5, 2025
Raised a $150 million Series D at $2.15 billion, led by Bond. Fortune - Sep 5, 2025
Tuhin Srivastava told Fortune revenue grew more than 10x in 12 months. Fortune
Questions people ask
Is Baseten a public company? Can I buy Baseten stock?
No. Baseten is private and has no ticker, so its shares aren't sold on any exchange. It hasn't filed for an IPO.
When will Baseten IPO?
No date has been set. Tuhin Srivastava told Fox Business in August 2026 that a public company is his long-term goal.
Who owns Baseten?
Its founders and investors, including Altimeter Capital, Conviction, Spark Capital, Sands Capital, IVP, CapitalG and NVIDIA. Stakes haven't been disclosed.
Who is the CEO of Baseten?
Tuhin Srivastava, who co-founded the company.
Who founded Baseten?
Tuhin Srivastava, Amir Haghighat and Philip Howes, in 2019 in San Francisco.
How much is Baseten worth?
$13B at its Series F in June 2026. The Next Web, citing Bloomberg, reported in October 2026 a round at up to $30B that hadn't closed.
How much revenue does Baseten make?
About $600M in annualized revenue at the end of March 2026, as reported. Baseten said in June 2026 that revenue grew about 20x in a year.
How does Baseten make money?
It charges by usage, either for API calls to open-source models or for minutes and hours of GPU capacity.
Who are Baseten's customers?
Baseten names Abridge, Clay, Cursor, OpenEvidence, Mercor and Notion among its customers.
Who are Baseten's competitors?
Modal and Together AI, plus AWS, Google Cloud and Microsoft Azure, according to Sacra.
People on Real Alpha
- Tuhin Srivastava, Co-founder & CEO, Baseten
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How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 7, 2026