AI startup Modular raises $250 million, seeks to challenge Nvidia dominance

AI startup Modular raises $250 million, seeks to challenge Nvidia dominance

AI startup Modular said on Wednesday it raised $250 million in a funding round valuing it at $1.6 billion, as it aims to challenge Nvidia's software stranglehold on the AI computing market. The funding, which nearly tripled the company's valuation from two years ago, was led by U.S. Innovative Technology fun

A Former Apple Luminary Sets Out to Create the Ultimate GPU Software

Demand for AI chips is booming—and so is the need for software to run them. Chris Lattner’s startup Modular just raised $250 million to build the best developer tools for AI hardware.

Modular secures $250m to expand unified AI platform

Modular has secured $250m in a Series C funding round, bringing its total raised capital to $380m since its inception in 2022.

Modular raises $250M to simplify AI deployment across hardware - SiliconANGLE

Artificial intelligence startup Modular Inc. said today it has raised $250 million in its third financing round, valuing the company at $1.6 billion. The round was led by Thomas Tull’s US Innovative Technology fund, with DFJ Growth joining. All existing investors participated, including Google Ventures, General Catalyst and Greylock Ventures. The funding brings the total […] The post Modular raises $250M to simplify AI deployment across hardware…

Modular, which lets developers build AI apps that run across multiple GPU and CPU vendors, raised $250M led by US Innovative Technology at a $1.6B valuation

Lauren Goode / Wired: Modular, which lets developers build AI apps that run across multiple GPU and CPU vendors, raised $250M led by US Innovative Technology at a $1.6B valuation  —  Demand for AI chips is booming—and so is the need for software to run them.  Chris Lattner's startup Modular just raised $250 million …