Baseten provides a cloud platform that makes it easy for companies to deploy and run AI models in production without managing the underlying server infrastructure. Their system automatically handles things like assigning the right number of graphics processors and scaling up or down based on demand.

Unlike general-purpose cloud providers, Baseten is built specifically for ML model deployment, offering optimized model serving with features like automatic batching, streaming responses, and built-in GPU scheduling. Their developer-first approach provides simple APIs and Truss, an open-source model packaging framework, that makes deployment drastically simpler than DIY alternatives.

The explosion of companies deploying AI models — from LLMs to image generators to recommendation systems — has created massive demand for inference infrastructure, fueling Baseten's rapid growth as a specialized platform. Baseten reached a $5B valuation with a $300M funding round led by IVP and CapitalG in January 2026.