✉news BusinessStartups first seen 2 d ago, last 1 d ago, peak #9
AI cloud startup Modal raises $750M at $15.75B valuation
Modal, a startup offering cloud infrastructure for running AI workloads, has raised $750 million in new funding at a valuation of $15.75 billion. The round makes the company one of the latest AI infrastructure firms to reach a multi-billion-dollar valuation as demand for computing power to train and run AI models keeps climbing.
Why now: Investor enthusiasm for AI infrastructure companies keeps producing large funding rounds, and a jump to a $15.75 billion valuation draws attention across the tech industry.
Evidence
- AI cloud startup Modal raises $750M at $15.75B valuation · SiliconANGLE
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