AI startups Mirendil and Modal Labs reportedly seek large new rounds at sharply higher valuations
Funding Provisional 35% confidence first seen
Two separate reports say the AI startups Mirendil and Modal Labs are in talks to raise new funding at substantially increased valuations within months of prior fundraising. In both cases, investors are reportedly evaluating the companies’ potential in AI research or inference/infrastructure, including plans to scale related offerings.
The deal
Mirendil up to $1B Other · announced 23 Sep 2026
Investors Andreessen Horowitz Kleiner Perkins
Deal terms as reported in the coverage below.