---
title: "Baseten revenue and valuation"
description: "Baseten's revenue is estimated at $33M–$152M, last reported at $2.7M. Valued at $13B after raising $2.09B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/baseten.md
canonical_url: https://www.tryspecter.com/revenue-valuation/baseten
publisher: Specter
last_updated: 2026-11-01
---

# Baseten revenue and valuation

Specter estimates Baseten's annual revenue at $33M to $152M and its valuation at $10B to $14.4B. The company last reported $2.7M revenue in December 2023 and was priced at $13B in June 2026.

Baseten provides a serverless AI inference platform that deploys and scales machine-learning models.

- Estimated revenue: $33M to $152M (October 2026)
- Estimated valuation: $10B to $14.4B (October 2026)
- Last reported revenue: $2.7M (December 2023)
- Total funding: $2.09B
- Founded: 2019
- Headquarters: San Francisco, United States
- Employees: 446
- Sector: AI infra
- Specter Rank: #33,082

## Baseten revenue

Baseten last reported $2.7M revenue in December 2023. Specter's model puts current revenue between $33M and $152M.

| Reported figure | Date | Source |
| --- | --- | --- |
| $2.7M revenue | December 2023 | [The AI Startup Venture Capitalists Are Secretly Funding](https://finviz.com/news/293943/the-ai-startup-venture-capitalists-are-secretly-funding) (finviz.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $71M | $33M | $152M |
| September 2026 | $66M | $27M | $166M |
| August 2026 | $56M | $25M | $125M |
| July 2026 | $50M | $23M | $109M |
| June 2026 | $38M | $16M | $91M |
| May 2026 | $19M | $8.6M | $42M |
| April 2026 | $17M | $7.7M | $38M |
| March 2026 | $16M | $7.1M | $34M |
| February 2026 | $15M | $7.1M | $33M |
| January 2026 | $15M | $6.8M | $31M |
| December 2025 | $9.3M | $4.3M | $20M |
| November 2025 | $8.7M | $4.6M | $16M |
| October 2025 | $8.4M | $4.5M | $16M |
| September 2025 | $6.9M | $4.1M | $12M |
| August 2025 | $5.3M | $2.9M | $9.7M |
| July 2025 | $5.1M | $2.7M | $9.5M |
| June 2025 | $4.6M | $2.4M | $8.8M |
| May 2025 | $4.3M | $2.1M | $8.7M |
| April 2025 | $3.9M | $1.8M | $8.2M |
| March 2025 | $3.8M | $1.7M | $8.3M |
| February 2025 | $3.5M | $1.7M | $7.3M |
| January 2025 | $2.8M | $1.3M | $6.3M |
| December 2024 | $2.9M | $1.2M | $7M |
| November 2024 | $2.9M | $1.3M | $6.4M |
| October 2024 | $2.7M | $1.4M | $5.4M |
| September 2024 | $2.7M | $1.6M | $4.5M |
| August 2024 | $2.7M | $1.5M | $4.9M |
| July 2024 | $2.7M | $1.8M | $4.1M |
| June 2024 | $2.7M | $1.8M | $4M |

## Baseten valuation

Baseten's valuation rose from $200M at its Series B in March 2024 to $13B at its Series F in June 2026. Specter's live estimate sits between $10B and $14.4B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $12B | $10B | $14.4B |
| September 2026 | $13B | $10.8B | $15.6B |
| August 2026 | $13B | $10.8B | $15.7B |
| July 2026 | $13B | $10.8B | $15.7B |
| June 2026 | $13B | $10.8B | $15.6B |
| May 2026 | $10.7B | $7.08B | $16.3B |
| April 2026 | $8.87B | $6.22B | $12.6B |
| March 2026 | $7.33B | $5.47B | $9.82B |
| February 2026 | $6.05B | $4.8B | $7.64B |
| January 2026 | $5B | $4.16B | $6.01B |
| December 2025 | $4.05B | $2.83B | $5.78B |
| November 2025 | $3.28B | $2.46B | $4.37B |
| October 2025 | $2.66B | $2.1B | $3.35B |
| September 2025 | $2.15B | $1.79B | $2.58B |
| August 2025 | $1.88B | $1.02B | $3.45B |
| July 2025 | $1.64B | $970M | $2.76B |
| June 2025 | $1.43B | $890M | $2.28B |
| May 2025 | $1.24B | $840M | $1.85B |
| April 2025 | $1.08B | $790M | $1.49B |
| March 2025 | $950M | $740M | $1.21B |
| February 2025 | $830M | $690M | $990M |
| January 2025 | $930M | $440M | $1.98B |
| December 2024 | $1.05B | $560M | $1.96B |
| November 2024 | $1.18B | $710M | $1.97B |
| October 2024 | $1.33B | $860M | $2.06B |
| September 2024 | $1.5B | $1.02B | $2.22B |
| August 2024 | $1.69B | $1.21B | $2.37B |
| July 2024 | $1.91B | $1.49B | $2.44B |
| June 2024 | $2.15B | $1.79B | $2.58B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $13B | September 2026 | [thenextweb.com](https://thenextweb.com/news/baseten-acquires-blaxel-ai-agent-sandboxes) |
| $13B | June 2026 | Funding round |
| $5B | January 2026 | Funding round |
| $2.15B | September 2025 | Funding round |
| $825M | February 2025 | Funding round |
| $2.15B | June 2024 | [techfundingnews.com](https://techfundingnews.com/baseten-lands-150m-at-2-15b-valuation/) |
| $2.15B | April 2024 | [techfundingnews.com](https://techfundingnews.com/baseten-the-ai-inference-unicorn-baseten-lands-150m-at-2-15b-valuation/) |
| $200M | March 2024 | Funding round |

## Baseten funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 22 Jun 2026 | Series F | $1.5B | $13B | Conviction, Spark Capital, Wellington Management, Conviction, Altimeter Capital, Sands Capital Ventures |
| 20 Jan 2026 | Series E | $300M | $5B | IVP, CapitalG |
| 5 Sep 2025 | Series D | $150M | $2.15B | Bond |
| 19 Feb 2025 | Series C | $75M | $825M | Spark Capital, IVP |
| 9 Oct 2024 | Venture round | Undisclosed | Undisclosed | Undisclosed |
| 4 Mar 2024 | Series B | $40M | $200M | Spark Capital, IVP |
| 26 Apr 2022 | Series A | $12M | Undisclosed | Greylock |
| 26 Apr 2022 | Seed | $8M | Undisclosed | Greylock, South Park Commons |
| 28 Jun 2021 | Venture round | $4.8M | Undisclosed | Undisclosed |

## Baseten vs competitors

The AI inference market splits between high-velocity model serving and specialized enterprise management platforms.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Baseten | $33M–$152M | $10B–$14.4B |
| Modal Labs (modal.com) | $830M–$1.2B | $13.1B–$18.9B |
| Together AI (together.ai) | $990M–$2.03B | $7.42B–$10.6B |
| Fireworks AI (fireworks.ai) | $740M–$1.48B | $15.1B–$20.9B |
| DeepInfra (deepinfra.com) | $67M–$106M | $980M–$2.22B |

## Questions

### What is Baseten's revenue?

Specter estimates Baseten's annual revenue at $33M to $152M as of October 2026. Baseten last reported $2.7M revenue in December 2023.

### What is Baseten's valuation?

Baseten's latest post-money valuation is $13B, from a June 2026 Series F. Specter's live estimate is $10B to $14.4B.

### How much funding has Baseten raised?

$2.09B across nine rounds, from a $4.8M venture round in June 2021 to a $1.5B Series F in June 2026.

### Who invested in Baseten?

41 investors, including Altimeter Capital, Conviction, IVP, Sands Capital Ventures, Spark Capital and Wellington Management.

### Who are Baseten's competitors?

Modal Labs, Together AI, Fireworks AI and DeepInfra. Specter ranks 30 competitors for Baseten.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Baseten revenue and valuation." tryspecter.com/revenue-valuation/baseten. Updated November 2026.