Modal Labs is a US company that provides infrastructure for running and serving AI models, letting developers deploy inference workloads on its platform. Recent coverage has focused on its funding: a $750M Series D led by Accel at a $15.75B valuation, up from about $4.65B four months earlier, and the company said it passed a $1B annual revenue run rate.
Modal Labs tops week's US funding with $750MUS megadeals slowed this week, with only two rounds in the hundreds of millions. AI infrastructure provider Modal Labs raised $750M in a Series D led by Accel at a $15.75B valuation and said it passed a $1B annual revenue run rate; construction automation firm Icon followed with $200M. Biotech, insurance and AI also drew larger rounds.
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.
Modal, Baseten in funding talks at soaring valuationsAI infrastructure startups Modal Labs and Baseten are in funding talks that could at least double their valuations. Modal is seeking a valuation of about $15 billion, roughly triple its value four months ago, while Baseten could be valued at $26 billion, signaling strong investor demand for AI infrastructure services.
The A.I. Daily