Baseten

Revenue tripled to a reported $600M a year in the first three months of 2026

Annualized revenue, as The Information reported it. Baseten publishes only how many times its revenue has grown.

It competes with Fireworks AI, Together AI and Modal.

Valuation rose from $825M to $13B in 16 months

Backed byAltimeterConvictionSpark CapitalIVPCapitalGNVIDIA

Investors in that round bought at two prices, valuing Baseten at $13B and $11B. In October 2026 Bloomberg reported that it was set to raise about $2B at up to $30B, which Baseten has not announced.

The team grew from 180 to nearly 400 people in five months

It said in June 2026 that it plans to triple its headcount this year.

Its cofounders run it, with leaders hired from Sequoia, Databricks and Figma

PreviouslyTuhin SrivastavaCofounder and CEOAmir HaghighatCofounder and CTOClover HealthDannie HerzbergPresident, joined in August 2025Sequoia CapitalSameer ParanjpyeHead of engineering, joined in March 2026DatabricksSheila VasheeCMO, joined in September 2026Figma

Tuhin and Amir worked together at Gumroad with cofounder Phil Howes. Tuhin and Phil then built and sold a startup called Shape. Pankaj Gupta is its fourth cofounder. Matt Slagle, who was SVP of sales at Sigma Computing, joined as chief revenue officer in March 2026.

A fast-moving, hybrid place to work

OpenEvidence, Abridge and Gamma run their AI models on it

OpenEvidenceRuns billions of calls a week to its own fine-tuned models, giving doctors up-to-date medical information.AbridgeIts AI, built partly on Baseten, writes more than 1 million clinical notes a week for tens of thousands of clinicians.GammaGenerates millions of images a day for its more than 70 million users.

It runs on more than 90 clusters across more than 20 clouds. In September 2026 OpenAI made it one of the first open-model providers in its marketplace for business customers.