Baseten Raises $40M to Scale AI Inference Infrastructure, Eyes Zero Downtime in 2023
• Baseten helps companies deploy AI models into applications by providing the backend infrastructure and auto-scaling compute resources based on traffic. It recently pivoted to focus solely on inference.
• The startup raised a $40M Series B round from investors including IVP and Spark Capital, valuing it at over $200M.
• Baseten is seeing strong early traction with about 20 big customers and tens of thousands of developers, generating mid single-digit million in revenue.
• The market for inference infrastructure is heating up with new startups and potential competition from cloud giants.
• Baseten aims to differentiate through performance - delivering zero downtime for the AI apps it powers in 2023.