"In some sense, Baseten started with building blocks-literally. "So, I grew up in Australia," said Tuhin Srivastava, CEO and cofounder of AI inference unicorn Baseten. "And, in Australia, you learn to count with these 'base ten' blocks. They're the building blocks of how you count, how you operate." Years after his days of stacking yellow and green blocks in the classroom, Srivastava now spends his time playing with a very different set of building blocks."
"It's a classic 'picks and shovels' business that, right in the middle of a rollicking AI boom, is helping companies deploy, manage, and scale AI applications. Or, to use Srivastava's analogy, the company is laying "the train tracks so the models can run." The trains that run on Baseten's tracks can be anything-from large language models to AI models that generate video or that turn voice into text."
Baseten provides inference infrastructure that enables companies to deploy, manage, and scale AI applications across models including large language models, video generation, and speech-to-text. Founders Tuhin Srivastava, Amir Haghighat, Philip Howes, and Pankaj Gupta built the company to serve as underlying tracks for AI models. Revenue grew more than 10x over the prior 12 months, and customers include Abridge, OpenEvidence, Clay, Patreon, and Writer. Six months after a $75 million Series C, Baseten raised a $150 million Series D that almost tripled its valuation to $2.15 billion, led by Bond with participation from CapitalG, Premji, Scribble, Conviction, 01a, IVP, Spark, and Greylock. The company focuses on inference.
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