[AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr
Latent Space ● Covered by 2 sources
Modal moved from infra unicorn to infra decacorn after reporting a $16B Series D alongside $1B ARR and additional Sandboxes usage growth. The announcement cites close to 3 billion sandboxes started, scaling to a million concurrent. As a result, Modal’s valuation and usage rose about 3x within 5 months and it reached a claimed 15x increase over 1 year.
Why it matters
Sandboxes are all you need.
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