Conviction

“Baseten, the AI inference company powering advanced AI applications, announced a $1.5 billion Series F financing led by Altimeter Capital, Conviction, and Spark Capital.”

“Baseten raised $1.5B from Spark Capital, Conviction, Altimeter, Wellington, Sands Capital at a $13B valuation.”

“Baseten, which provides software and compute for running open-source AI models, is closing a $1.5B round at an $11–13B valuation—a company most non-specialist investors wouldn't recognize.”