# Baseten funding: rounds and investors > Baseten has raised $4.0B across 5 rounds since 2025. Investors include IVP, Bond and Spark Capital. Every round with its source. Source: https://millionrounds.com/company/baseten (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Baseten* 5 rounds we have observed, with the 20 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Cloud Construction Raised this month Valuation: $5.0B, Mar 2026 Follow Baseten and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fbaseten) Funding summary Updated 5 Nov 2026 **$4.0B** raised across 5 rounds since 2025, from 11 sources **$1.5B** Growth **$2.0B** Round - **Latest round:** Round, $2.0B Oct 2026 - **Led by:** Sands Capital Management - **Step-up i:** 1.3× - **Investors:** 20 (7 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 **$75M** Series C **$150M** Round **$300M** Series E **$1.5B** Growth **$2.0B** Round - **First round:** Series C, $75M - **Biggest round:** $2.0B - **Usual gap between rounds:** 6 months ## The rounds - **Oct 2026** Round **$2.0B** *1 returning* [Sands Capital Management](https://millionrounds.com/fund/sands-capital) Lead Reported by Google News search and 1 other - **Jun 2026** Growth **$1.5B** *10 new* *7 returning* [Spark Capital](https://millionrounds.com/fund/spark-capital) Lead [Wellington Management](https://millionrounds.com/fund/wellington-management) Lead [Altimeter](https://millionrounds.com/fund/altimeter-capital) Lead [Sands Capital Management](https://millionrounds.com/fund/sands-capital) Lead [Conviction](https://millionrounds.com/fund/conviction-4) Lead [BoxGroup](https://millionrounds.com/fund/boxgroup) [Greylock](https://millionrounds.com/fund/greylock-partners) [Battery Ventures](https://millionrounds.com/fund/battery-ventures) [IVP](https://millionrounds.com/fund/ivp) [NVIDIA](https://millionrounds.com/fund/nvidia) [Bond](https://millionrounds.com/fund/bond) [Caffeinated Capital](https://millionrounds.com/fund/caffeinated-capital) [Blackbird](https://millionrounds.com/fund/blackbird) [Durable Capital Partners Lp](https://millionrounds.com/fund/durable-capital-partners) [D. E. Shaw Ventures](https://millionrounds.com/fund/d-e-shaw-ventures) [01A](https://millionrounds.com/fund/01a) [Verified Capital](https://millionrounds.com/fund/verified-capital) Reported by Crunchbase News and 5 others SEC filing: $1.1B sold - **Jan 2026** Series E **$300M** *2 new* *3 returning* [BoxGroup](https://millionrounds.com/fund/boxgroup) [IVP](https://millionrounds.com/fund/ivp) [NVIDIA](https://millionrounds.com/fund/nvidia) [Bond](https://millionrounds.com/fund/bond) [South Park Commons](https://millionrounds.com/fund/south-park-commons) Source recorded - **Oct 2025** Round **$150M** *1 new* [Bond](https://millionrounds.com/fund/bond) Lead Reported by Firms' own news pages - **Feb 2025** Series C **$75M** *7 new* [Spark Capital](https://millionrounds.com/fund/spark-capital) Lead [IVP](https://millionrounds.com/fund/ivp) Lead [Greylock](https://millionrounds.com/fund/greylock-partners) [South Park Commons](https://millionrounds.com/fund/south-park-commons) [Lachy Groom](https://millionrounds.com/fund/lachy-groom) [Conviction](https://millionrounds.com/fund/conviction-4) [01 Advisors](https://millionrounds.com/fund/01-advisors) Reported by TechStartups ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series C** 2025 **Round** 2025 **Series E** 2026 **Growth** 2026 **Round** 2026 [IVP](https://millionrounds.com/fund/ivp) L [Bond](https://millionrounds.com/fund/bond) L [Spark Capital](https://millionrounds.com/fund/spark-capital) L L [Sands Capital Management](https://millionrounds.com/fund/sands-capital) L L [Conviction](https://millionrounds.com/fund/conviction-4) L [BoxGroup](https://millionrounds.com/fund/boxgroup) [Greylock](https://millionrounds.com/fund/greylock-partners) [NVIDIA](https://millionrounds.com/fund/nvidia) [South Park Commons](https://millionrounds.com/fund/south-park-commons) [Wellington Management](https://millionrounds.com/fund/wellington-management) L ## Everyone who backed them [IVP](https://millionrounds.com/fund/ivp) VC firm **3** rounds, led 1 [Bond](https://millionrounds.com/fund/bond) Growth equity **3** rounds, led 1 [Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **2** rounds, led 2 [Sands Capital Management](https://millionrounds.com/fund/sands-capital) Growth equity **2** rounds, led 2 [Conviction](https://millionrounds.com/fund/conviction-4) VC firm **2** rounds, led 1 [BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **2** rounds [Greylock](https://millionrounds.com/fund/greylock-partners) VC firm **2** rounds [NVIDIA](https://millionrounds.com/fund/nvidia) Company **2** rounds [South Park Commons](https://millionrounds.com/fund/south-park-commons) Accelerator **2** rounds [Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **1** round, led 1 [Altimeter](https://millionrounds.com/fund/altimeter-capital) VC firm **1** round, led 1 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) VC firm **1** round [Caffeinated Capital](https://millionrounds.com/fund/caffeinated-capital) VC firm **1** round [Lachy Groom](https://millionrounds.com/fund/lachy-groom) Angel **1** round [Blackbird](https://millionrounds.com/fund/blackbird) Private equity **1** round [01 Advisors](https://millionrounds.com/fund/01-advisors) VC firm **1** round [Durable Capital Partners Lp](https://millionrounds.com/fund/durable-capital-partners) Private equity **1** round [D. E. Shaw Ventures](https://millionrounds.com/fund/d-e-shaw-ventures) Growth equity **1** round [01A](https://millionrounds.com/fund/01a) Growth equity **1** round [Verified Capital](https://millionrounds.com/fund/verified-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=baseten). ## Also claim to have backed them These 9 firms list Baseten as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) VC firm Per its own site [K5 Global](https://millionrounds.com/fund/k5-global) Private equity Per its own site [Founders Circle Capital](https://millionrounds.com/fund/founders-circle-capital) VC firm Per its own site [Horizon](https://millionrounds.com/fund/horizon) VC firm Pre-seed, per its site [InvestInData](https://millionrounds.com/fund/investindata) Angel network Per its own site [Todd Dagres](https://millionrounds.com/fund/todd-dagres) VC firm Per its own site [Aspire11](https://millionrounds.com/fund/aspire11) Growth equity Per its own site [Summit Peak Investments](https://millionrounds.com/fund/summit-peak-investments) Fund of funds Per its own site [The Median Fund](https://millionrounds.com/fund/the-median-fund) VC firm Series F, per its site ## Quick answers about Baseten ### Who invested in Baseten? Baseten's investors include IVP, Bond, Spark Capital, Sands Capital Management and Conviction, and 15 more on record. Sands Capital Management led its latest round. ### How much has Baseten raised? Baseten has raised $4.0B across 5 rounds since 2025. ### When did Baseten last raise? Baseten's most recent round was an Undisclosed round of $2.0B in Oct 2026, led by Sands Capital Management. ### What was Baseten's biggest round? Its most recent round, $2.0B in Oct 2026, is also its largest on record. ### Who backed Baseten first? Baseten's first round on record, in Feb 2025, was backed by Spark Capital, IVP and Greylock and 4 others. ### What stage is Baseten at? Baseten's latest named round is an Undisclosed round, in Oct 2026. ### Where is Baseten based? Baseten is based in the United States. ### Who led Baseten's rounds? Spark Capital led the Series C in 2025; Bond led the funding round in 2025; Sands Capital Management led the Undisclosed round in 2026. ## Companies like Baseten In the same sector, and raised in the last eighteen months. [**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app