Modal Raises $750M at $15.75B Valuation

AI cloud startup Modal has raised $750 million at a $15.75 billion post-money valuation amid surging demand for AI infrastructure. CEO Erik Bernhardsson discussed the company's over 3 billion AI sandboxes and growing demand for inference and reinforcement learning.

• Modal says Nvidia Vera doubles sandbox throughput2026-10-19
• Modal Labs nears $750M round at $15.75B valuation2026-09-28