AI startup Baseten hits $13 billion valuation as Australia’s Blackbird makes record bet

Baseten, a California-based artificial intelligence startup co-founded by Australians, said it raised $1.5 billion in a funding round that valued the company at $13 billion, underscoring the surge of capital flowing into AI firms.

The round was led by U.S.-based investors ‌Sands Capital ⁠and ⁠Wellington Management, Baseten said late on Monday. Top Australian venture capital ​firm Blackbird VC said it contributed the firm’s biggest-ever investment, without ​specifying an amount.