Fal

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.