Inference-as-a-Service — Timeline
53 milestones, source-traced.
Nov 1, 2024
Partnership: Together AI announced a partnership with Hypertec to co-build a cluster of 36,000 Nvidia...
Together AI announced a partnership with Hypertec to co-build a cluster of 36,000 Nvidia GB200 NVL72 GPUs.
funding-research →Nov 1, 2024
Partnership: Together AI partnered with Hypertec to co-build a cluster of 36,000 NVIDIA GB200 NVL72...
Together AI partnered with Hypertec to co-build a cluster of 36,000 NVIDIA GB200 NVL72 GPUs.
funding-research →Dec 1, 2024
Funding: Baseten closed a $150M Series D at a $2.15B valuation led by BOND, with...
Baseten closed a $150M Series D at a $2.15B valuation led by BOND, with participation from Conviction, CapitalG, Premji Invest, 01A, IVP, Spark, Greylock, Scribble Ventures, BoxGroup, and Kevin & Elizabeth Weil.
funding-research →Feb 1, 2025
Product Launch: Together AI launched Together GPU Clusters powered by Nvidia Blackwell GPUs.
funding-research →Feb 1, 2025
Partnership: Groq secured a $1.5 billion commitment from Saudi Arabia to expand AI chip distribution...
Groq secured a $1.5 billion commitment from Saudi Arabia to expand AI chip distribution in the country, with projected $500 million in 2025 revenue.
funding-research →Feb 1, 2025
Funding: Baseten raised a $75M Series C at an $825M valuation, led by IVP and...
Baseten raised a $75M Series C at an $825M valuation, led by IVP and Spark Capital.
funding-research →Feb 1, 2025
Customer Win: Saudi Arabia committed $1.5 billion to Groq in February 2025 to expand distribution of...
Saudi Arabia committed $1.5 billion to Groq in February 2025 to expand distribution of its AI chips in the kingdom, with projected $500 million in revenue for 2025 from Saudi contracts.
funding-research →Feb 10, 2025
Partnership: Groq signed a $1.5 billion commitment with Saudi Arabia to expand LPU-based AI inference...
Groq signed a $1.5 billion commitment with Saudi Arabia to expand LPU-based AI inference infrastructure, including a new GroqCloud data center in Dammam.
funding-research →Feb 19, 2025
Funding: Baseten raised a $75 million Series C at an $825 million valuation, led by...
Baseten raised a $75 million Series C at an $825 million valuation, led by IVP and Spark Capital.
funding-research →Feb 20, 2025
Funding: Together AI closed a $305 million Series B round led by General Catalyst with...
Together AI closed a $305 million Series B round led by General Catalyst with co-lead Prosperity7 at a $3.3 billion valuation.
funding-research →Feb 20, 2025
Funding: Together AI closed a $305 million Series B led by General Catalyst and co-led...
Together AI closed a $305 million Series B led by General Catalyst and co-led by Prosperity7 at a $3.3 billion valuation.
funding-research →Feb 20, 2025
Funding: Together AI closed a $305 million Series B round led by General Catalyst and...
Together AI closed a $305 million Series B round led by General Catalyst and co-led by Prosperity7 at a $3.3 billion valuation.
funding-research →Jun 1, 2025
Funding: Baseten raised a $300 million Series E at a $5 billion valuation, led by...
Baseten raised a $300 million Series E at a $5 billion valuation, led by IVP and CapitalG, with NVIDIA contributing approximately $150 million of the total.
funding-research →Sep 1, 2025
Product Launch: Together AI launched Together Instant Clusters, enabling automated GPU cluster provisioning from a single...
Together AI launched Together Instant Clusters, enabling automated GPU cluster provisioning from a single node up to hundreds of GPUs.
funding-research →Sep 1, 2025
Funding: Baseten raised a $150M Series D at a $2.15B valuation, led by BOND with...
Baseten raised a $150M Series D at a $2.15B valuation, led by BOND with Conviction and CapitalG participating.
funding-research →Sep 1, 2025
Product Launch: Together AI launched Together Instant Clusters, offering automated GPU cluster provisioning from 8 GPUs...
Together AI launched Together Instant Clusters, offering automated GPU cluster provisioning from 8 GPUs to hundreds.
funding-research →Sep 1, 2025
Product Launch: Together AI introduced Together Instant Clusters, automating GPU cluster provisioning from a single node.
funding-research →Sep 17, 2025
Funding: Groq closed a $750 million Series E round at a $6.9 billion post-money valuation,...
Groq closed a $750 million Series E round at a $6.9 billion post-money valuation, led by Disruptive with participation from BlackRock, Neuberger Berman, and DTCP.
funding-research →Sep 17, 2025
Funding: Groq raised $750 million led by Disruptive at a $6.9 billion post-money valuation, with...
Groq raised $750 million led by Disruptive at a $6.9 billion post-money valuation, with participation from BlackRock, Neuberger Berman, DTCP, Samsung, Cisco, D1, Altimeter, 1789 Capital, and Infinitum.
funding-research →Sep 17, 2025
Funding: Groq raised $750 million at a $6.9 billion post-money valuation, announced September 17, 2025,...
Groq raised $750 million at a $6.9 billion post-money valuation, announced September 17, 2025, led by Disruptive with participation from BlackRock, Neuberger Berman, and DTCP (Deutsche Telekom Capital Partners).
funding-research →Sep 30, 2025
Funding: Cerebras Systems raised $1.1 billion in Series G led by Fidelity Management & Research...
Cerebras Systems raised $1.1 billion in Series G led by Fidelity Management & Research Company and Atreides Management at a post-money valuation of $8.1 billion.
funding-research →Sep 30, 2025
Funding: Cerebras raised $1.1 billion in Series G led by Fidelity and Atreides Management at...
Cerebras raised $1.1 billion in Series G led by Fidelity and Atreides Management at an $8.1 billion post-money valuation.
funding-research →Sep 30, 2025
Funding: Cerebras closed a $1.1 billion Series G round on September 30, 2025, led by...
Cerebras closed a $1.1 billion Series G round on September 30, 2025, led by Fidelity Management & Research Company and Atreides Management, with participation from Tiger Global, Valor Equity Partners, and 1789 Capital, at an $8.1 billion valuation.
funding-research →Oct 1, 2025
Funding: Fireworks AI raised $250M Series C co-led by Lightspeed Venture Partners, Index Ventures, and...
Fireworks AI raised $250M Series C co-led by Lightspeed Venture Partners, Index Ventures, and Evantic at a $4B post-money valuation.
funding-research →Oct 1, 2025
Customer Win: Fireworks AI customer base grew to over 10,000 companies by October 2025, up from...
Fireworks AI customer base grew to over 10,000 companies by October 2025, up from ~1,000 at Series B.
funding-research →Oct 1, 2025
Funding: Fireworks AI raised a $250M Series C co-led by Lightspeed Venture Partners, Index Ventures,...
Fireworks AI raised a $250M Series C co-led by Lightspeed Venture Partners, Index Ventures, and Evantic with continued support from Sequoia Capital at a $4B post-money valuation.
funding-research →Oct 1, 2025
Funding: Fireworks AI raised a $250 million Series C round at a $4 billion post-money...
Fireworks AI raised a $250 million Series C round at a $4 billion post-money valuation, co-led by Lightspeed Venture Partners, Index Ventures, and Evantic, with participation from Sequoia Capital, NVIDIA, AMD, MongoDB, and Databricks.
funding-research →Dec 1, 2025
Groq builds custom LPU inference silicon; NVIDIA struck a ~$20B non-exclusive LPU license and...
Groq builds custom LPU inference silicon; NVIDIA struck a ~$20B non-exclusive LPU license and hired Groq's founder (Dec 2025).
Knowledge base →Dec 1, 2025
Partnership: Groq signed a $20 billion non-exclusive licensing agreement with NVIDIA covering Groq's AI inference...
Groq signed a $20 billion non-exclusive licensing agreement with NVIDIA covering Groq's AI inference technology, with founder Jonathan Ross and president Sunny Madra joining NVIDIA.
funding-research →Dec 1, 2025
Partnership: Groq entered a reported $20 billion licensing deal with Nvidia in December 2025, granting...
Groq entered a reported $20 billion licensing deal with Nvidia in December 2025, granting Nvidia access to Groq's AI inference chip technology, with senior Groq executives departing to Nvidia as part of the arrangement.
funding-research →Dec 1, 2025
Partnership: Cerebras announced a $10 billion commercial partnership with OpenAI in December 2025 to deliver...
Cerebras announced a $10 billion commercial partnership with OpenAI in December 2025 to deliver 750 megawatts of compute capacity by 2028.
funding-research →Jan 1, 2026
Funding: Baseten raised a $300M Series E at a $5B valuation, led by IVP and...
Baseten raised a $300M Series E at a $5B valuation, led by IVP and CapitalG, with Nvidia investing $150M.
funding-research →Feb 1, 2026
Cerebras, a wafer-scale inference chipmaker, completed its IPO in 2026 (~$66B day-one market cap).
Knowledge base →Feb 1, 2026
Customer Win: Cerebras signed a commercial agreement with OpenAI valued at over $10 billion to deliver...
Cerebras signed a commercial agreement with OpenAI valued at over $10 billion to deliver 750 megawatts of compute capacity by 2028.
funding-research →Feb 3, 2026
Funding: Cerebras Systems raised $1 billion in Series H led by Tiger Global at a...
Cerebras Systems raised $1 billion in Series H led by Tiger Global at a post-money valuation of approximately $23 billion.
funding-research →Feb 3, 2026
Funding: Cerebras raised $1.0 billion in Series H led by Tiger Global at an approximate...
Cerebras raised $1.0 billion in Series H led by Tiger Global at an approximate $23 billion post-money valuation.
funding-research →Feb 3, 2026
Funding: Cerebras closed a $1 billion Series H round on February 3, 2026, led by...
Cerebras closed a $1 billion Series H round on February 3, 2026, led by Tiger Global with participation from Benchmark, Fidelity, Atreides, Alpha Wave, Altimeter, AMD, Coatue, and 1789 Capital, at an approximately $23 billion valuation.
funding-research →Mar 1, 2026
Funding: Baseten raised a $300M Series E at a $5B valuation led by IVP and...
Baseten raised a $300M Series E at a $5B valuation led by IVP and CapitalG, with NVIDIA contributing approximately $150M alongside 01A, Altimeter, Battery Ventures, BOND, BoxGroup, Blackbird Ventures, Conviction, and Greylock.
funding-research →Apr 15, 2026
Funding: Cerebras Systems secured an $850 million revolving credit facility arranged by Morgan Stanley, Citi,...
Cerebras Systems secured an $850 million revolving credit facility arranged by Morgan Stanley, Citi, Barclays, UBS and others.
funding-research →Apr 15, 2026
Funding: Cerebras secured $850 million in debt financing via a credit facility with Morgan Stanley,...
Cerebras secured $850 million in debt financing via a credit facility with Morgan Stanley, Citi, Barclays, and UBS.
funding-research →Apr 15, 2026
Funding: Cerebras secured an $850 million five-year syndicated revolving credit facility on April 15, 2026,...
Cerebras secured an $850 million five-year syndicated revolving credit facility on April 15, 2026, led by Morgan Stanley, Citi, Barclays, and UBS.
funding-research →May 1, 2026
Baseten, an inference-serving platform, reached a ~$13B valuation after a ~$1.5B raise.
Knowledge base →May 1, 2026
Nebius's Token Factory offers managed inference; Nebius's Q1 2026 revenue grew ~684% year-over-year.
Knowledge base →May 1, 2026
Fireworks AI, a fast open-model inference platform, was reportedly raising at around a ~$15B...
Fireworks AI, a fast open-model inference platform, was reportedly raising at around a ~$15B valuation.
Knowledge base →May 1, 2026
Together AI reached roughly ~$1B in annual recurring revenue serving open models via API.
Knowledge base →Jun 1, 2026
Inference now accounts for ~2/3 of AI accelerator demand in 2026, up from ~1/2...
Inference now accounts for ~2/3 of AI accelerator demand in 2026, up from ~1/2 in 2025 and ~1/3 in 2023 (Deloitte).
Knowledge base →Jun 1, 2026
Open-weight models (GLM, Qwen, DeepSeek, Llama) at roughly 1/6 the cost of frontier models...
Open-weight models (GLM, Qwen, DeepSeek, Llama) at roughly 1/6 the cost of frontier models drive inference-service economics.
Knowledge base →Jun 1, 2026
Inference-as-a-service decouples model serving from raw GPU rental — buyers pay per token, not...
Inference-as-a-service decouples model serving from raw GPU rental — buyers pay per token, not per GPU-hour.
Knowledge base →Jun 1, 2026
The inference-service cohort — Baseten, Fireworks, Together, Nebius — is among the best-funded categories...
The inference-service cohort — Baseten, Fireworks, Together, Nebius — is among the best-funded categories in AI infrastructure.
Knowledge base →Jun 1, 2026
Customer Win: Cerebras announced a $10 billion compute deal with OpenAI to deliver 750 megawatts of...
Cerebras announced a $10 billion compute deal with OpenAI to deliver 750 megawatts of AI compute capacity by 2028.
funding-research →Jun 1, 2026
Funding: Baseten closed a $1.5B Series F (split-priced) at a $13B post-money valuation, co-led by...
Baseten closed a $1.5B Series F (split-priced) at a $13B post-money valuation, co-led by Spark Capital, Sands Capital, Altimeter Capital, and Wellington Management.
funding-research →Jun 1, 2026
Partnership: OpenAI negotiated a deal granting it a $6 billion stake in Cerebras post-IPO ahead...
OpenAI negotiated a deal granting it a $6 billion stake in Cerebras post-IPO ahead of Cerebras' planned 2026 IPO.
funding-research →Jun 22, 2026
Funding: Groq announced a $650 million growth capital pro-rata round led by Disruptive and Infinitum...
Groq announced a $650 million growth capital pro-rata round led by Disruptive and Infinitum to fund its pivot to an AI inference cloud business and scale toward 200 MW by 2027.
funding-research →
Milestones merged from 0 curated events, 10 verified facts (with observed dates), and 43 business signals from the last 24 months. Deduped by date + label; curated entries take precedence.
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