[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
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Modal became a New York AI infrastructure decacorn after raising a $16B Series D and reporting $1B ARR. In 5 months, it said usage and valuation each grew by 3x. The result is that the company’s funding and growth metrics position it as a top-tier AI infrastructure provider in NYC.
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