AI infrastructure startup Baseten raises $1.5bn at up to $13bn valuation as Blackbird makes its biggest-ever bet
The AI infrastructure startup raised $1.5bn in a Series F, with Australia’s Blackbird VC putting in what may be the largest single outlay yet by an Australian firm.
Baseten has raised $1.5bn in a Series F round that values the AI infrastructure startup at up to $13bn, a number that arrives barely 18 months and four fundraises into the company’s current growth spurt.
The round was led by the US investors Sands Capital and Wellington Management, and it carries a notable footnote from the other side of the world: Australia’s Blackbird VC says it made its biggest-ever investment in the deal.
The company is California-based but was co-founded by Australians, which is part of why Blackbird’s involvement carries a local angle as well as a financial one.
The firm declined to specify how much it put in, though reporting around the round notes its contribution may be the largest single...
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