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About Baseten
Industries
AI & Machine Learning
Company Size
51-200
Company Stage
Series C
Total Funding
$135M
Headquarters
San Francisco, California
Founded
2019
Overview
Baseten provides a platform for deploying and managing machine learning (ML) models, aimed at simplifying the process for businesses. Users can select from a library of open-source foundation models and deploy them with just two clicks, making it easier to implement ML solutions. The platform features autoscaling, which adjusts resources based on demand, and comprehensive monitoring tools for tracking performance and troubleshooting. A unique aspect of Baseten is its open-source model packaging framework, Truss, which allows users to package and deploy custom models easily. The company operates on a usage-based pricing model, where clients pay only for the time their models are actively in use, helping them manage costs effectively.
Simplify's Take
What believers are saying
- Raised $75M in Series C funding, boosting growth and innovation.
- Launch on Google Cloud Marketplace expands reach and hybrid cloud capabilities.
- Growing demand for serverless solutions aligns with Baseten's core offerings.
What critics are saying
- Competition from specialized AI models like Writer's Palmyra series.
- Potential challenges in hybrid mode adoption on Google Cloud Marketplace.
- Rapid AI development may render current offerings obsolete without innovation.
What makes Baseten unique
- Baseten offers a serverless backend for fast ML application development.
- Truss framework allows seamless packaging and deployment of custom models.
- Usage-based pricing ensures cost-effective management of ML infrastructure.
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Funding
Total Funding
$135M
Above
Industry Average
Funded Over
4 Rounds
Greylock PartnersIndustry standards
Benefits
💰 Competitive compensation: We aim to provide 90th percentile (or better) salaries and equity grants for every team member commensurate with their experience.
🌎 Remote-first work environment: The Baseten team is welcome to work from wherever they want; fully remote, in our San Francisco office, or a mix of both. We provide a $1,000 stipend for you to make your home office comfortable and productive.
🏓 Regular in-person team summits: We get together as a team three times a year to plan, workshop, and most importantly, get to know each other better.
🌴 Unlimited PTO: We ask that everyone take at least 4 weeks of vacation. And we have a company-wide break between Christmas and New Year's Day.
🏥 Full healthcare coverage: Medical, dental and vision insurance for you and your family.
🍼 Paid parental leave: 16-weeks fully paid parental leave (adoptive and non-birth parents included) and flexibility with schedules while returning to work.
📈 401(k): Company-sponsored 401(k) for you to contribute to.
🧠: Learning and development budget: We encourage you to take classes, attend conferences, and invest in your craft and we’ll cover expenses to make it happen.
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 4%2 year growth
↑ 4%Baseten, the leading inference platform for AI-native products, announced the closing of a $75 million Series C round of funding co-led by IVP and Spa
Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday.
Jordan Novet / CNBC:Baseten, which helps companies launch open-source or customized AI models, raised $75M led by IVP and Spark Capital at a $825M valuation and claims 100+ clientsBaseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday.
Baseten, a leading provider of AI infrastructure solutions, today announced the early access (EA) of its new Hybrid Mode offering on Google Cloud Marketplace.
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. San Francisco-based AI company Writer launched two specialized large language models (LLMs) tailored specifically for the healthcare and financial services industries on Wednesday, potentially reshaping how these highly regulated sectors adopt artificial intelligence.The new models, Palmyra-Med-70b and Palmyra-Fin-70b, are now available as open-source offerings on major AI platforms including Nvidia, Baseten, and Hugging Face. Writer claims these specialized models significantly outperform larger, generalized AI models like GPT-4 in domain-specific tasks.“In general, there are not enough domain-specific models because it’s simply [too] hard to build those models,” Waseem Alshikh, CTO and Co-Founder of Writer, told VentureBeat in an interview. “Those models requirs not just engineering, it requires actually a special type of data, a special type of expertise. You will actually have experts help you build those models.”Specialized AI models outperform general-purpose counterparts in accuracy testsThe launch comes as industries grapple with how to leverage AI’s potential while navigating complex regulatory environments
Baseten is Hiring for 23 Jobs on Simplify!
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About Baseten
Industries
AI & Machine Learning
Company Size
51-200
Company Stage
Series C
Total Funding
$135M
Headquarters
San Francisco, California
Founded
2019
Baseten is Hiring for 23 Jobs on Simplify!
Find jobs on Simplify and start your career today