Baseten Secures $40M Series B to Enhance AI Infrastructure Capabilities
Baseten is poised to introduce additional cloud services and GPUs, a new orchestration layer for improved build pipelines and queues, and an optimization engine to enhance workload performance.
Company Name: Baseten
Location: San Francisco, CA
Sector: AI Infrastructure
Funding Details: 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.
Purpose of Investment: To expand operations and further develop its platform.
Product: Baseten provides a sophisticated platform designed to streamline the operation of machine learning workloads in the cloud. It simplifies the management of large models in production, addressing challenges such as version management, rollout, and observability. The platform is utilized by companies across various industries, including Descript, Picnic Health, Writer, Patreon, Loop, and Robust Intelligence, to enhance their core machine learning operations.
Recent Developments:
- Multi-cloud support enabling customer workloads to operate across different clouds and regions.
- Integration with leading runtimes such as TensorRT.
- Partnerships with major cloud providers like AWS and GCP, facilitating access to optimal hardware resources and simplifying compute negotiations.
Future Plans: Baseten is poised to introduce additional cloud services and GPUs, a new orchestration layer for improved build pipelines and queues, and an optimization engine to enhance workload performance.