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1 / 3Baseten seeks about $2 billion at up to $30 billion, more than double its June price×

The raise

The inference company Baseten is raising about $2 billion in two tranches, the first at a $26 billion valuation and the second at $30 billion, with Sands Capital expected to lead, Bloomberg reported Friday.

Terms are not final and Baseten has not announced the round.

The jump

The top price is 2.3 times the $13 billion Baseten was valued at in June, when it raised $1.5 billion.

Why inference

Inference is the part of the AI bill that grows with use, and investors are paying up for it in the same week OpenAI's round shrank by a third.

Sources and the full story

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Baseten seeks about $2 billion at up to $30 billion, more than double its June price

The inference company Baseten is raising about $2 billion in two tranches, the first at a $26 billion valuation and the second at $30 billion, with Sands Capital expected to lead, Bloomberg reported Friday. Terms are not final and Baseten has not announced the round. The top price is 2.3 times the $13 billion Baseten was valued at in June, when it raised $1.5 billion.

Inference is the part of the AI bill that grows with use, and investors are paying up for it in the same week OpenAI's round shrank by a third. SourcesCC

Sources

• CBaseten valuation set to hit $30 billion in new $2B funding round (ShiftDelete)en.shiftdelete.net
• CBaseten nears $2B round at up to $30B (AI Weekly)aiweekly.co

This story ran in the Afternoon Brief of October 31st 2026.