Baseten
Runs AI models in production for companies, handling the GPUs, scaling and speed so customers do not have to.
- Revenue
- About $600M annualised run-rate, reported in mid 2026 (not audited)
- Value
- $13B after a roughly $1.5B round (late Jun 2026). Some investors came in at $11B
- Growth
- Annualised revenue reported up from about $200M to about $600M in the months to mid 2026
- Listed
- Private
Companies that want their own models running fast and at scale buy this instead of building the plumbing themselves.
Prices per token keep falling, and the big clouds and labs sell direct, so independent hosts can be squeezed.
Money coming in
Who pays Baseten, and for what.
No customers of Baseten mapped yet.
Money going out
Who Baseten pays to do what it does.
No suppliers of Baseten mapped yet.
Where it sits on the map
Competitors and neighbours
Designs the GPUs that train and run most big AI models, and the CUDA software they run on.
$89.0B data centre revenue in the quarter to July 2026 (fiscal Q2 2027), out of $96.2B total
Open profileMakes fast inference chips for running models, built around its own LPU design.
$3.5B in a 2026 round that followed its Nvidia licensing deal
Open profileMakes very large single-chip AI systems built for fast answers from models.
$510M in 2025, with $87.9M net income
Open profileGPU cloud that rents Nvidia systems to AI builders and to Microsoft.
About $760M annualised in 2025 (Sacra estimate)
Open profileHosts open models for app builders with a focus on fast responses, billed per token.
Company says more than $1B annual recurring revenue (Jul 2026). Sacra estimates about $800M annualised by May 2026
Open profileHosts and fine-tunes open AI models on rented GPUs for companies.
About $1B annualised (Sacra estimate, Feb 2026)
Open profileRuns the main hub where open models, datasets and demos are shared.
Annualised revenue above $150M, from one unofficial report. The company does not disclose revenue
Open profilePay-as-you-go GPUs and sandboxes for training jobs, AI inference and coding agents.
About $300M annualised (CEO, 2026, reported)
Open profileLets developers run AI models through an API. Now part of Cloudflare, feeding its Workers AI platform.
Bought by Cloudflare for $57.4M cash consideration, completed 1 Dec 2025
Open profileSources: kucoin.com, dealroom.co, noqta.tn
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