Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
TechCrunch Marina Temkin ● Covered by 3 sources
Modal Labs is nearing a $750 million funding round led by Accel at a $15.75 billion valuation, according to a source familiar with the talks. The round would follow Modal’s prior $355 million raise four months earlier that valued the company at $4.65 billion. If completed, the new financing would more than triple Modal’s valuation and add capital for AI inference infrastructure amid rising demand and thin margins from high compute costs.
Why it matters
The new financing is expected to more than triples the AI infrastructure startup's valuation from just four months ago.
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