Business / Technology
Add as a preferred source on GooglePeople familiar with the plans expect existing investor Sands Capital to lead the financing.
Baseten is seeking a $2 billion financing split into two stages, with the later installment tied to a proposed $30 billion valuation, people familiar with the plans said.
The first stage carries a proposed $26 billion valuation. Existing investor Sands Capital is expected to head the financing, according to the people.
Baseten provides a platform that helps businesses deploy AI models and keep them running.
The Series E has reached an initial close, but Cohere has not disclosed how much was raised. The company says the full target would imply a C$35.7 billion valuation.
The STOXX Europe 600 closed at 646.75, while Eurostat reported third-quarter euro-area growth slowed to 0.4%.
Meta reported $2.12 billion in negative free cash flow for the quarter ended Sept. 30 and raised the lower end of its 2026 capital-spending forecast to $135 billion.
