| Announcement date | Activity | Disclosed amount/valuation | Buyer interpretation — inference |
|---|---|---|---|
| 14 October 2026 | Modal Series D | $750 million; $15.75 billion post-money valuation | Infrastructure financing can expand capacity, but does not remove service or contract diligence |
| 15 July 2026 | Fireworks Series D | $1.505 billion; $17.5 billion valuation | Capital is flowing into customised-model/inference infrastructure; task fitness remains unproven |
| 22 June 2026 | Baseten Series F | $1.5 billion; $13 billion valuation | More financing for production inference; verify exact roadmap and service obligations |
| 25 June 2025 — historical context | Rubrik announced agreement to acquire Predibase | Terms not disclosed in the announcement reviewed | Do not assume the older independent-provider landscape remains current |
Sources: Modal, Fireworks, Baseten and Rubrik’s agreement announcement. The first three are company announcements, not audited investment-market statistics. The Predibase row describes the agreement announcement only; closing status and final consideration were not established from that source in this pass.
Historical consolidation also matters: WIRED reported NVIDIA’s acquisition of Gretel in March 2025. Treat that as reported activity, and verify the current offering/contracting route rather than carry Gretel forward as an unchanged standalone supplier. No transaction price is asserted here.
These transactions are not customer project prices, service-market revenue or evidence of guaranteed continuity. Do not sum their valuations to produce a market size. Unconfirmed fundraising discussions are excluded from the deal table.