Blackbird Ventures – Baseten Labs

WA-60061

Blackbird NGS Pty Ltd as trustee for Blackbird NGS Co-investment Trust (**Blackbird NGS**) proposes to purchase shares in a Series G capital raise by Baseten Labs, Inc (**Baseten**). Blackbird NGS is a venture capital co-investment fund vehicle managed by Blackbird Ventures Pty Ltd (**Blackbird Ventures**). Blackbird Ventures is a venture capital firm based in Australia and New Zealand that invests in early-stage and high-growth technology companies. Funds managed by Blackbird Ventures hold minority investments in hundreds of companies in Australia, New Zealand, the United States of America and around the world. Baseten is a provider of an artificial intelligence (**AI**) inference platform and is based in San Francisco. Baseten’s platform provides enterprise customers with the hardware, tooling and systems software required to deploy, scale and optimize machine learning models and accelerate the inference function of those models. Its platform enables customers to deploy AI models across multiple clouds, regions, and geographies through its multi-tenant, single-tenant, and self-hosted deployment options. Baseten offers advanced on-demand training capabilities for companies deploying custom or fine-tuned models. The Baseten platform encompasses models across various modalities and use cases, including large language models, speech-to-text, text-to-speech, image generation, video generation, embeddings, and multi-model workflows.