Baseten in Talks to Raise $1.5B at Up to $13B Valuation

Baseten, which provides AI inference infrastructure, is finalizing a new $1.5 billion funding round at a valuation of up to $13 billion, according to a report on June 18, 2026. The deal reflects growing demand for running low-cost open-source models as an alternative to the expensive closed models from OpenAI and Anthropic.