AI startup Baseten hits $13 billion valuation as Australia's Blackbird makes record bet (opens original article in a new tab)

AI startup Baseten achieved a $13 billion valuation after securing $1.5 billion in funding led by U.S. investors, with Blackbird VC making its largest investment yet.

• Baseten raised $1.5 billion in a funding round led by Sands Capital and Wellington Management
• Blackbird VC made its largest investment to date in Baseten
• Baseten's valuation reached $13 billion due to growing demand for AI infrastructure