AI startup Baseten raises $75 million following DeepSeeks emergence
Summary
Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday. The funding round values Baseten at $825 million and demonstrates that venture capitalists believe techs AI boom stands to benefit a plethora of startups, not just those building large language models. In recent months, OpenAI, Anthropic and xAI have raised billions in funding, with much of the money going toward servers containing Nvidia graphics processing units, or GPUs. Companies can manage the deployment of their models without Baseten, but securing enough Nvidia chips in the right geographical areas can prove difficult, co-founder Amir Haghighat told CNBC. Baseten clients often see their inference costs fall 40% or more, while receiving better performance, in comparison with homegrown architectures, head of marketing Mike Bilodeau wrote in an email.