✉news TechnologySoftware first seen 7 h ago, last 4 h ago, peak #33
Modal Labs nearing $750 million raise at $15.75 billion valuation
Original: Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
Inference provider Modal Labs is reportedly close to raising a $750 million funding round at a $15.75 billion valuation, according to a TechCrunch report. The deal would mark a major milestone for the AI infrastructure startup, which helps companies run machine learning inference workloads in the cloud. The report did not name investors, and the company has not officially confirmed the round.
Why now: Reports of a large funding round at a sharply higher valuation feed ongoing interest in AI infrastructure spending.
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