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Modal Labs nearing $750M funding round led by Accel at $15.75B valuation. The AI inference infrastructure provider's valuation has more than tripled since its $355M Series round four months ago.
Amount Raised
$750 Million
Round Type
Venture
New YorkSoftwareinformation technology & servicesInvestors
Description
Modal Labs, an AI inference infrastructure provider, is nearing a $750 million funding round led by Accel Partners at a $15.75 billion post-money valuation. The round represents a significant valuation increase from the $4.65 billion valuation when the company announced its $355 million Series round just four months prior. The funding comes amid strong demand for inference services as enterprises increasingly rely on open-source AI models. Modal Labs declined to comment on the pending round.
Fundz sees it the moment Modal raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Modal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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