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Baseten ARR: ~$600M in a Single Quarter's Work.

Baseten roughly tripled its annualized revenue from ~$200M to ~$600M inside a single quarter at the turn of 2026, then closed a $1.5B round at a $13B valuation. Every reported revenue, funding and valuation number below is traced back to a public source.

~$600M

Annualized revenue, March 2026

~$50M

Implied monthly recurring revenue

$13B

Valuation, Series F Aug 2026

~3x

ARR growth in a single quarter

The Baseten Revenue Curve.

Reported annualized run rate in USD millions, December 2025 to August 2026. Linear scale — which is why the pre-2026 curve barely registers.

Sources: The Information, Value Add VC, Sacra, Reuters.

$0 → $200M ARR

~7 years

2019 founding → Dec 2025

$200M → $600M ARR

~3 months

Dec 2025 → Mar 2026

$11B → $13B valuation

Months

Early 2026 → Aug 2026

Capital raised in 12 months pre-Series F

~$525M

Three rounds, 2025–2026

Every Reported ARR Milestone.

2024
$25M ARR
Early traction on model-serving infrastructure after the Series C era. Third-party estimate — Baseten does not publish revenue. — Sacra (estimate)
December 2025
$200M ARR
Annualized revenue of roughly $200M as frontier-model serving demand surges. — Value Add VC / Sacra
March 2026
$600M ARR
~$600M annualized revenue — roughly tripling in a single quarter, an estimated ~19x year over year. — The Information / Value Add VC
Early 2026
$600M ARR
The Information reports Baseten in talks to raise ~$1B at an $11B valuation as Q1 revenue surges. — The Information
August 2026
$600M ARR
$1.5B Series F closed at a $13B valuation — one of the largest AI inference rounds ever — led by Altimeter and others. — Company / press reports

Baseten by the Numbers.

Latest reported revenue

~$600M annualized

The Information, Mar 2026

Implied MRR

~$50M / month

Derived from ARR

Valuation

$13B

Series F, Aug 2026

Series F

$1.5B

Altimeter and others, Aug 2026

Growth rate

~19x YoY

Value Add VC / Sacra

How GPU-Minutes Become Production Serving Contracts.

Baseten sells dedicated model-serving infrastructure priced by GPU-minute: customers reserve and consume GPU capacity (throughput-optimized for production serving) to run frontier and open-weight models behind predictable, production-grade SLAs. The load sits with enterprises and AI startups that need inference performance beyond what per-token APIs from labs offer — custom weights, custom latency, custom autoscaling.

The revenue base is concentrated among large AI consumers, which is exactly what made a 3x quarter possible: when a handful of major customers scale serving volume, committed GPU-minute spend scales with it. Analysts flag the flip side — GPU scarcity and the cost of dedicated capacity pressure margins, which is why the $13B valuation drew scrutiny alongside the $600M figure.

Revenue Mix

GPU-minute servingConsumption pricing on dedicated production inference capacity.
Enterprise contractsCommitted spend agreements with large AI consumers.
Model optimizationPerformance engineering (TensorRT-LLM and related) bundled into serving deals.

FAQ

Baseten Revenue, Answered.

What Is Baseten's ARR in 2026?

Baseten was reported at roughly $600 million in annualized revenue as of March 2026, up from about $200 million in December 2025 — a roughly 3x increase inside one quarter and an estimated ~19x year over year. That implies about $50 million of monthly recurring revenue.

How Fast Did Baseten Triple Its Revenue?

About three months. Annualized revenue went from ~$200M in December 2025 to ~$600M in March 2026, driven by surging demand for dedicated frontier-model serving capacity.

How Does Baseten Charge Customers?

Primarily by GPU-minute on dedicated serving capacity, wrapped in enterprise agreements with committed spend. Customers run custom and frontier models with production SLAs rather than renting tokens from a shared API.

What Is Baseten's Valuation?

A $1.5 billion Series F in August 2026 valued Baseten at $13 billion, one of the largest AI inference rounds on record. The Information had reported talks at an $11 billion valuation earlier in 2026, before revenue momentum pushed the round higher.

How Much Has Baseten Raised in Total?

The Series F follows roughly $525 million raised across three rounds in the preceding twelve months, including a $142 million Series D. The August 2026 round brings total funding well past the half-billion mark.

Serving Models at Scale? Bill Like Baseten Does.

GPU-minute pricing needs metering, not invoices. Clink adds usage-based billing, committed contracts and merchant-of-record tax handling for compute-heavy serving platforms.

Meter GPU Minutes→