// AI news · 2026-11-01 · The Next Web
Baseten to raise $2bn at $30bn valuation
Baseten is set to raise $2bn in a two-tranche round, valuing the company at up to $30bn.
Published 2026-11-01 18:59 (Beijing time)Source The Next WebAuto-summarised, fact-checked against source
01Summary
The first tranche values it at $26bn, the second at $30bn. Sands Capital leads the round, having previously co-led its June Series F. Baseten offers AI inference software and launched an open-source model, joey-1, priced at one cent per million tokens.
Summarised from the original article by an open-source model, then checked automatically: every number and English name must appear in the source. The original article is authoritative.
02Key points
- Baseten to raise $2bn in two tranches, valuing at up to $30bn.
- First tranche at $26bn, second at $30bn.
- Sands Capital leads the round, co-led Series F in June.
- Launched open-source model joey-1 at $0.01 per million tokens.
03Source
Baseten set to more than double its value to $30bn, Bloomberg reports
The Next Web · published 2026-11-01 18:59 Beijing time
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