Approved · Waiver · decided in 26 days, 15 July 2026
UnclassifiedWA-45019ACCC register
Australian venture capital firm Blackbird Ventures, through its Blackbird Funds, is purchasing Series F Preferred Stock in a capital raise by Baseten Labs, Inc. Baseten is a San Francisco-based provider of an artificial intelligence (AI) inference platform, enabling customers to deploy AI models.
Blackbird HP Pty Ltd, Blackbird Southern Land Pty Ltd, Blackbird Guardians Coinvestment Pty Ltd, Blackbird Purple Pty Ltd, Blackbird Hotham Pty Ltd, Blackbird CB Pty Limited, Blackbird FSA Pty Ltd and Blackbird Aware Pty Limited (the Blackbird Funds ) propose to purchase shares of Series F Preferred Stock in a capital raise by Baseten Labs, Inc ( Baseten ). The Blackbird Funds are venture capital co-investment fund vehicles 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 (including the Blackbird Funds) 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 enables customers to deploy AI models across multiple clouds, regions, and geographies through its multi-tenant, single-tenant, and self-hosted deployment options. Baseten also offers advanced on-demand AI training capabilities for companies deploying custom or fine-tuned models. The Baseten platform encompasses models across various modality and use cases, including large language models, speech-to-text, text-to-speech, image generation, video generation, embeddings, and multi-model workflows.