Baseten raises $2 billion as Tenstorrent secures $1.5 billion Series E

Baseten Secures $2 Billion in New Funding; Tenstorrent Raises $1.5 Billion in Series E | KuCoin

Image: Primary

Published Saturday, October 31, 2026 · 12:08 AM EDT

Baseten has raised $2 billion in a funding round led by Sands Capital, KuCoin reported. The financing is being conducted in two tranches, raising its valuation to $26 billion and then $30 billion. Baseten provides services for running and fine-tuning AI models. The same report said Tenstorrent completed a $1.5 billion Series E led by chip architect Jim Keller. Tenstorrent develops AI processors and open-source hardware systems, giving the financing a different focus from Baseten's model-serving platform.

Sources

kucoin

Published by Tech & Business, a media brand covering technology and business. This story was sourced from kucoin and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

AI Science

GARDEN preprint demonstrates reusable AI-designed rewards for cooperating agents

Researchers report in a preprint that GARDEN, a system that uses a language model to design rewards for cooperating agents, improved performance when its reward programs transferred unchanged to related scenarios unseen during design.

Infrastructure AI

CoreWeave, Nebius and Nscale reportedly lose effective bond market access

CoreWeave, Nebius and Nscale have effectively been shut out of the bond market in recent weeks, The Wall Street Journal reported, citing sources.

Capital AI

Crosby bids for Weil Gotshal's brand and internal data

AI-focused law firm Crosby has bid to buy assets of Weil, Gotshal & Manges, including its trademark, brand and unspecified internal data, TechCrunch confirmed. Crosby is separately seeking to hire some of the firm's 1,200 lawyers.

AI Products

Amazon sets up supplier financing to borrow as much as $80 billion

Amazon has established supplier financing arrangements to borrow as much as $80 billion against the value of hardware it buys, Bloomberg reported.

AI Infrastructure

Five technology giants commit more than $3T to future spending

Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3T to future spending on data centres, leases, equipment and energy, The Next Web reported, citing Bloomberg. Alphabet accounts for more than $1T and Meta for more than $800B.

Products AI

Salesforce's Rune acquisition agreement reportedly worth $375 million

Salesforce's agreement to acquire military logistics software developer Rune Technologies is worth $375 million in cash and stock, Resilience Media reported. Rune builds AI software that helps the US military predict supply needs and manage logistics in the field.