Baseten partners with OpenAI for open-model inference
Baseten became an early open-model inference provider in OpenAI's B2B Marketplace, enabling eligible enterprise customers to use open models served by Baseten through Codex and the Responses API.
Baseten acquired Blaxel to add stateful agent execution infrastructure, including isolated sandboxes, persistent storage and production connectivity, alongside its model training and serving stack.
Baseten launched a platform for model labs to distribute and monetize closed-weight models, combining hosted distribution, inference infrastructure and go-to-market support.
Baseten annualized revenue reaches about $600 million
The Information reported in May 2026 that Baseten's annualized revenue tripled from about $200 million to about $600 million during the first quarter of 2026. Baseten later said its revenue had grown 20x over the prior year when announcing its Series F.
Baseten's annualized revenue stood at about $200 million at the start of the first quarter of 2026, before tripling during the quarter, according to The Information's May 2026 reporting.