AI inference platform company Baseten raised $300 million in new funding at a $5 billion valuation, the Wall Street Journal reported on Monday.
Baseten's valuation more than doubled from the previous round.
The Wall Street Journal said that reflected the growing importance of inference infrastructure in the generative AI market.
The funding round was led by IVP and Alphabet growth investment fund CapitalG. Nvidia made a standalone investment of $150 million, nearly half of the total.
Founded in 2019, Baseten provides infrastructure that helps AI models run quickly in real-world service environments. Companies such as AI coding service Cursor and collaboration platform Notion are deploying large-scale AI models through Baseten's platform. Co-founder Tuhin Srivastava has laid out an ambition to build it into the “AWS of inference.”
Nvidia is stepping up its investments in the AI inference market. In addition to Baseten, it effectively acquired AI inference chip startup Groq late last year.
Chi-gyu Hwang
delight@d-today.co.kr