Baseten ARR grows from $200M to $600M in Q1 raising $1B at $11B valuation

Baseten is in talks to raise $1b at an $11b valuation, doubling its valuation in just three months.

The funding follows notable revenue growth, as the company's ARR surged from $200m to $600m within Q1 due to strong market demand for its inference infrastructure solutions.

It is a platform for high‑performance AI inference: they provide infrastructure and tooling so companies can deploy, scale, and optimize AI models (LLMs, embeddings, image generation, speech, transcription) in production across clouds, with features like dedicated inference, model APIs, training, and self‑hosted or managed deployment.

Baseten was founded in 2020 by Amir Haghighat, Tuhin Srivastava, and Phil Howes as a developer platform for deploying and scaling machine‑learning models, which has since focused heavily on high‑performance inference for generative AI.