Modal Labs Valued at $15.5B as Funding Round Nears $750M
AI news flash: AI inference infrastructure provider Modal Labs is closing in on a $750M funding round led by Accel, putting its post-money valuation at $15.75B, according to people familiar with the matter — the first time the round size has been publicly disclosed (Axios and Bloomberg had previously reported partial deal details). This valuation represents more than a threefold jump from the $355M round disclosed four months ago, which valued the company at $4.65B.