AI startup Baseten hits $13 billion valuation as Australias Blackbird makes record bet

Image for article AI startup Baseten hits $13 billion valuation as Australias Blackbird makes record bet
News Source : Yahoo Entertainment

News Summary

  • Baseten, a California-based artificial intelligence startup co-founded by Australians, said it raised $1.5 billion.
  • The round was led by u.s.-based investors Sands Capital and Wellington Management.
  • Top Australian venture capital firm Blackbird VC said it contributed the firm's biggest-ever investment, without specifying an amount.
  • Baseten sells software and infrastructure that let companies customise their own AI models, using what it says is a cheaper alternative to providers such as OpenAI and Anthropic.
By Byron Kaye SYDNEY, June 23 (Reuters) Baseten, a Californiabased artificial intelligence startup cofounded by Australians, said it raised $1.

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