Modal Raises $750M at $15.75bn Valuation as Run Rate Tops $1bn

Modal raises $750M at $15.75bn valuation as run rate tops $1bn

Modal, a cloud company that runs AI models and code for developers, announced on Wednesday that it has raised $750 million in a Series D round at a $15.75 billion valuation. Accel led the round, and Kleiner Perkins joined. All of Modal’s existing investors also took part, including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, […] This story continues at The Next Web

AI infra startup Modal raises $750 mn at $15.7 bn valuation

Modal Labs raises $750m led by Accel at a $15.7bn valuation, topping $1bn annualized revenue run rate as demand surges for AI infrastructure and sandboxes.

Watch Modal CEO: AI Has Entered a ‘New Era of Software’

AI cloud startup Modal has raised $750 million at a $15.75 billion post-money valuation as demand surges for the infrastructure needed to build and run AI applications. CEO Erik Bernhardsson discusses the company’s more than 3 billion AI sandboxes, growing demand for inference and reinforcement learning, and why increasingly capable agents will need secure virtual environments where they can execute code and eventually take on longer-running tasks. He joins Ed Ludlow on "Bloomberg Tech."

AI cloud startup Modal raises $750M at $15.75B valuation

Modal Labs Inc., a provider of artificial intelligence infrastructure, today announced that it has raised $750 million in funding.  Accel led the Series D round. It was joined by Kleiner Perkins and a half-dozen existing Modal investors. The company is now valued at $15.75 billion, more than triple what it was worth after its last […]