Approved · Waiver · decided in 12 days, 10 Feb 2026
Blackbird FOF25 Pty Ltd, a venture capital fund managed by Blackbird Ventures, proposes to acquire shares in a capital raise by Baseten Labs, Inc. Baseten Labs is a San Francisco-based provider of an artificial intelligence inference platform. This share purchase represents a minority investment in the high-growth technology sector.
Blackbird FOF25 Pty Ltd as trustee for Blackbird Ventures 2025 Follow-On Fund Trust ( Blackbird FOF25 ) proposes to purchase shares of Series E Preferred Stock in a capital raise by Baseten Labs, Inc ( Baseten ). Blackbird FOF25 is a venture capital fund managed by 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 Blackbird FOF25) hold minority investments in companies in Australia, New Zealand 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 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.