Funding round
Baseten Series F
Baseten, which works in AI inference platform deployment in San Francisco, raised $1.50B in a Series F round announced on 22 Jun 2026, led by Altimeter, Conviction, Spark Capital, Sands Capital and Wellington Management, at a $13.00B post-money valuation. 13 firms took part. It is Baseten's fifth venture round on record; the one before was a Series E in Jan 2026.
$1.50B
Amount raised
$13.00B
Post-money valuation
13
Investors
5 leads
2.6x
Step-up from the Series E
$5.00B in Jan 2026
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Baseten at $13.00B after the new money, 2.6 times the $5.00B of its Series E (Jan 2026). The $1.50B bought investors about 12% of the company. It came 5 months after Baseten's Series E. It is 75% of the $2.00B Baseten has raised in the venture rounds on record. No later venture round is on record for Baseten.
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 23 Jan 2026, led by Institutional Venture Partners and CapitalG $300M$5.00B post-money
- Series F this round 22 Jun 2026, led by Altimeter, Conviction and Spark Capital $1.50B$13.00B post-money
Investors
Who put money in
Altimeter, Conviction, Spark Capital, Sands Capital and Wellington Management led the round with 8 other firms.
Lead investors
- Altimeter backs 67 venture-backed companies new investor
- backs 44 venture-backed companies new investor
- Spark Capital backs 234 venture-backed companies new investor
- Sands Capital backs 71 venture-backed companies new investor
- Wellington Management new investor
Also in the round
- Battery Ventures backs 215 venture-backed companies new investor
- backs 101 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- Durable Capital Partners backs 39 venture-backed companies new investor
- Greylock Partners backs 190 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- Verified Capital new investor
- 01A backs 53 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations, working capital and geographic expansion.
- Hiring
- Product development
- Scaling operations
- Working capital
- Geographic expansion
Comparable rounds
How it compares
The closest in time: 1 in Software Development Services, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| VAST Data Software Development Services | 22 Apr 2026 | $1.00B | $30.00B | Drive Capital and Access Industries |
| ICEYE Aerospace and Defence | 9 Jun 2026 | $520M | $11.55B | General Atlantic |
| Supabase Tech Companies | 4 Jun 2026 | $500M | $10.50B | GIC |
| Kalshi Financial Services | 7 May 2026 | $1.00B | $22.00B | Coatue |
| SambaNova Tech Companies | 8 Jul 2026 | $1.00B | $11.00B | General Atlantic |
| Stord Warehousing & Storage | 26 May 2026 | $250M | $3.00B | Kleiner Perkins |
| ThreatLocker Tech Companies | 29 Jul 2026 | $190M | $1.60B | Elephant |
| Tomorrow.io Tech Companies | 18 May 2026 | $35M | not disclosed | not named |
Sources
Where this comes from
Reported by 10 sources.
Questions
Frequently asked
How much did Baseten raise in its Series F round?
Baseten raised $1.50B in its Series F round, announced in Jun 2026.
Who led Baseten's Series F round?
Altimeter, Conviction, Spark Capital, Sands Capital and Wellington Management led it, with Battery Ventures, Blackbird, D. E. Shaw Group, Durable Capital Partners and Greylock Partners and 3 more.
What was Baseten's valuation at the Series F round?
$13.00B post-money.