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Modal Labs raises $750M Series D led by Accel, valuing the AI infrastructure company at $15.75B.
Amount Raised
$750 Million
Round Type
Series D
Investors
Description
Modal Labs, a New York-based AI infrastructure company, completed a $750 million Series D funding round led by Accel. The financing values the company at $15.75 billion, making it the largest announced US startup investment tracked by Crunchbase for the week of October 10-16. Modal Labs reported that its annual revenue run rate has recently surpassed $1 billion. The funding reflects strong investor appetite for companies supporting AI infrastructure.
Fundz sees it the moment Modal Labs raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Modal Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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