Funding round
Baseten Seed
Baseten, which works in AI inference platform deployment in San Francisco, raised $8.0M in a Seed round announced on 26 Apr 2022, led by Greylock Partners and South Park Commons. 4 firms took part. It is Baseten's first venture round on record.
$8.0M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
Baseten did not disclose a valuation in this round. It is Baseten's first venture round on record, 3 years after it was founded in 2019. It is under 1% of the $2.00B Baseten has raised in the venture rounds on record. Baseten raised again 23 months later: a Series B round of $40M in Mar 2024, at $200M post-money.
Baseten's funding rounds
Baseten has 5 venture rounds on record. This one is highlighted.
- Seed this round 26 Apr 2022, led by Greylock Partners and South Park Commons $8.0M
- Series B 4 Mar 2024, led by Institutional Venture Partners and Spark Capital $40M$200M post-money
- Series D 5 Sep 2025, led by BOND $150M$2.15B post-money
- Series E 23 Jan 2026, led by Institutional Venture Partners and CapitalG $300M$5.00B post-money
- Series F 22 Jun 2026, led by Altimeter, Conviction and Spark Capital $1.50B$13.00B post-money
Investors
Who put money in
Greylock Partners and South Park Commons led the round with 2 other firms.
Lead investors
- Greylock Partners backs 190 venture-backed companies new investor
- backs 60 venture-backed companies new investor
Also in the round
- AI Fund new investor
- Caffeinated backs 79 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, sales and marketing, scaling operations and working capital.
- Hiring
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
232 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $3.3M, and this round was 2.4 times the median. The closest in time, other companies' Seed rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 9 Apr 2022 | $35M | not disclosed | GEM Digital |
| Software Development Services | 1 Apr 2022 | $16M | not disclosed | Dell Technologies Capital |
| Software Development Services | 6 Apr 2022 | $7.9M | not disclosed | Greylock Partners |
| Software Development Services | 11 Apr 2022 | $6.4M | not disclosed | not named |
| Software Development Services | 4 Apr 2022 | $6.0M | not disclosed | Lerer Hippeau |
| Software Development Services | 20 Apr 2022 | $5.4M | not disclosed | Crane Venture Partners and Elaia |
| Software Development Services | 12 Apr 2022 | $4.2M | not disclosed | Stellaris Venture Partners |
| Software Development Services | 25 Apr 2022 | $3.5M | $50M | Animoca Brands |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Baseten raise in its Seed round?
Baseten raised $8.0M in its Seed round, announced in Apr 2022.
Who led Baseten's Seed round?
Greylock Partners and South Park Commons led it, with AI Fund and Caffeinated.
What was Baseten's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Software Development Services?
232 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $3.3M, and this round was 2.4 times the median.
Did Baseten raise again after this round?
Yes: a Series B round in Mar 2024 of $40M at $200M post-money.