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Company pair · AI
VS

Baseten vs Thinking Machines Lab: Valuation, Funding, Trajectory

AI Both private US-headquartered No Canborsa market

This comparison puts Baseten next to Thinking Machines Lab within ai on size, funding and trajectory.

On this pageSide by sideValuation marksWhat each disclosesVerdictFAQ
BasetenPRIVATE · US
Thinking Machines LabPRIVATE · US
VS
Last valuation$13B$12B
Basis Post-money Post-money
As ofJun 2026Jul 2025
Founded20212025
Employees≈312≈100
On CanborsaNo marketNo market
At a glance
$13B
BasetenPost-money, Series F · Jun 2026
$12B
Thinking Machines LabPost-money, Seed / initial funding round · Jul 2025
1.08×
GapBoth post-money, 11 months apart
0 of 2
On CanborsaNeither company has a market
VS
Head-to-head · field by field

Baseten vs Thinking Machines Lab — side by side

Field
BasetenPRIVATE · FOUNDED 2021
Thinking Machines LabPRIVATE · FOUNDED 2025
VS
Last valuation
$13B Post-money
$12B Post-money
Valuation date
22 Jun 2026
15 Jul 2025
Valuation basis
Post-money
Post-money
Latest round
Series F
Seed / initial funding round
Round size
$1.5B
$2B
Round lead
Altimeter Capital, Conviction
Andreessen Horowitz
Named investors
Andreessen Horowitz Nvidia AMD Cisco
Founded
2021
2025
Employees (est.)
≈312
≈100
Sector & HQ
AI/ML Infrastructure · 🇺🇸 US
Artificial intelligence — foundation models and fine-tuning infrastructure · 🇺🇸 US
Status & market
Private — no Canborsa market
Private — no Canborsa market
Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $13B for Baseten (post-money, Jun 2026) and $12B for Thinking Machines Lab (post-money, Jul 2025).

Baseten
$13BPost-money · Jun 2026
Thinking Machines Lab
$12BPost-money · Jul 2025
BASETEN · $13B · JUN 2026THINKING MACHINES LAB · $12B · JUL 2025
Baseten vs Thinking Machines Lab · what each company discloses

What each company discloses, and what it leaves out

BasetenPRIVATEAI · US · 2021
+Last disclosed mark $13B — post-money, Jun 2026.
+Founded 2021 .
+≈312 employees.
+Latest round: Series F, $1.5B raised, led by Altimeter Capital.
Thinking Machines LabPRIVATEAI · US · 2025
+Last disclosed mark $12B — post-money, Jul 2025.
+Founded 2025 .
+≈100 employees.
+Latest round: Seed / initial funding round, $2B raised, led by Andreessen Horowitz.
Verdict

Verdict

The $13B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$1.5B, led by Altimeter Capital in Jun 2026.
A dated print: it moves only when a newer round is announced.
The $12B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$2B, led by Andreessen Horowitz in Jul 2025.
A dated print: it moves only when a newer round is announced.

Both marks are post-money, so 1.08× compares like with like. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

What sector is Baseten in compared to Thinking Machines Lab?›

Baseten's sector is AI/ML Infrastructure; Thinking Machines Lab's sector is Artificial intelligence — foundation models and fine-tuning infrastructure.

Which is worth more, Baseten or Thinking Machines Lab?›

Baseten is valued at $13B, and Thinking Machines Lab at $12B.

How much capital have Baseten and Thinking Machines Lab raised in total?›

Baseten has raised $3.5B across 7 rounds, and Thinking Machines Lab has raised $2B across 2 rounds.

How many employees do Baseten and Thinking Machines Lab have?›

Baseten employs around 312 people; Thinking Machines Lab employs around 100.

What's the IPO status of Baseten and Thinking Machines Lab?›

Baseten's status is private; Thinking Machines Lab's status is private.

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