AI Startup Baseten Valuation Reaches $30B in New $2B Fundraise

AI inference company Baseten is raising roughly $2 billion in funding through a two-tranche round led by Sands Capital, with valuations of $26 billion and $30 billion for the respective portions. The current valuation more than doubles the company's $13 billion valuation from June, when it raised $1.5 billion.