In this business, you write tons of cheques to founders and startups. We make about 40 investments yearly. Deals happen. Exits happen. Failures exist. But I found the Blaxel team to be superbly amazing. I want to commend the team for caring for their investors.
While I cannot disclose terms of its acquisition by Baseten here, the whole thing was designed to make investors and shareholders have a great win. Guys, we appreciate that!
And Baseten, we received the share certificate today. We will be praying for an opening ringing of a bell at NASDAQ very soon! Go and win the market and do it. Tekedia Capital is excited to be part of one of the most amazing startups in the world right now.
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Baseten reached a valuation of $13 billion in June 2026, driven by massive enterprise demand for AI inference infrastructure.
Valuation Milestones (from Google public search)
-June 2026 ($13 Billion): Raised a split-tranche $1.5 billion
-Series F round (valued between $11B and $13B) led by Altimeter Capital, Conviction, and Spark Capital, with Sands Capital and Wellington Management co-leading.
-January 2026 ($5 Billion): Secured a $300 million Series E round led by IVP and CapitalG, which included a $150 million investment from Nvidia.
-September 2025 ($2.15 Billion): Closed a $150 million Series D round led by BOND.
-February 2025 ($825 Million): Reached an $825 million valuation during a $75 million Series C round.
-March 2024 (~$200 Million): Valued around $200 million following its Series B round
Yes, the valuation moved from $2.15 billion in September 2025 to $13 billion in June 2026! Do not ask me where it is now!
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