Every Erik Bernhardsson story collected by The AI Daily, 2 so far, newest first, refreshed hourly.
Modal Raises $750M at $15.75B ValuationAI 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 Labs nears $750M round at $15.75B valuationAI 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.
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