Modal Labs nears $750M round at $15.75B valuation

AI inference infrastructure provider Modal Labs is nearing a $750M round led by Accel at a $15.75B valuation, more than tripling its $4.65B valuation from a $355M raise just four months ago. Demand for inference services is surging, with peers like Baseten also seeking higher-valued rounds, though high compute costs keep margins thin.

• Modal Labs tops week's US funding with $750M2026-10-16
• Modal, Baseten in funding talks at soaring valuations2026-09-23
• Modal Raises $750M at $15.75B Valuation2026-10-14
• Accel sees AI opportunity shifting to applications2026-09-25
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