Funding round
Baseten Series E
Baseten, which works in AI inference platform deployment in San Francisco, raised $300M in a Series E round announced on 23 Jan 2026, led by Institutional Venture Partners and CapitalG, at a $5.00B post-money valuation. 12 firms took part. It is Baseten's fourth venture round on record; the one before was a Series D in Sep 2025.
$300M
Amount raised
$5.00B
Post-money valuation
$4.70B pre-money
12
Investors
2 leads
2.3x
Step-up from the Series D
$2.15B in Sep 2025
6.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Baseten at $5.00B after the new money, 2.3 times the $2.15B of its Series D (Sep 2025). The $300M bought investors about 6.0% of the company. It came 4 months after Baseten's Series D. It is 15% of the $2.00B Baseten has raised in the venture rounds on record. Baseten raised again 5 months later: a Series F round of $1.50B in Jun 2026, at $13.00B post-money.
Baseten's funding rounds
Baseten has 5 venture rounds on record. This one is highlighted.
- Seed 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 this round 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
Institutional Venture Partners and CapitalG led the round with 10 other firms.
Lead investors
- Institutional Venture Partners backs 109 venture-backed companies new investor
- CapitalG backs 70 venture-backed companies new investor
Also in the round
- NVIDIA new investor
- Altimeter backs 67 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- 01A backs 53 venture-backed companies new investor
- BoxGroup backs 175 venture-backed companies new investor
- backs 101 venture-backed companies new investor
- backs 44 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Deel Software Development Services | 20 Oct 2025 | $300M | $17.30B | Ribbit and Andreessen Horowitz |
| Snorkel AI Software Development Services | 22 Sep 2026 | $350M | $3.50B | Insight Partners and S32 |
| SandboxAQ Software Development Services | 4 Apr 2025 | $450M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Baseten raise in its Series E round?
Baseten raised $300M in its Series E round, announced in Jan 2026.
Who led Baseten's Series E round?
Institutional Venture Partners and CapitalG led it, with NVIDIA, Altimeter, Battery Ventures, BOND and DST Global and 5 more.
What was Baseten's valuation at the Series E round?
$5.00B post-money ($4.70B pre-money).
Did Baseten raise again after this round?
Yes: a Series F round in Jun 2026 of $1.50B at $13.00B post-money.