Modal Labs Reportedly Nearing $750M Funding Round at $15.75B Valuation

VERA Brief

AI-generated. Grounded in the article and its cited sources.

AI infrastructure startup Modal Labs is reportedly nearing a $750 million funding round at a valuation of $15.75 billion. This proposed valuation is a significant increase from its previous financing.

Key facts

• Modal Labs is an inference provider focused on infrastructure for AI model inference.
• The company is reportedly in late-stage discussions for a $750 million funding round.
• The proposed valuation for this funding round is $15.75 billion.
• This new financing is expected to more than triple the company's valuation from four months prior.
• Details surrounding investors and exact terms of the deal are undisclosed.