signalTechCrunch AI2026-09-29
Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
Modal Labs, an AI inference infrastructure provider, is nearing a $750 million funding round led by Accel at a $15.75 billion valuation that includes the investment. The round would more than triple the company's valuation from $4.65 billion, set in its $355 million fundraise four months ago. Modal has surpassed $300 million in annualized revenue but faces thin margins due to high compute costs.
- why now
- Modal's $15.75B round signals soaring inference demand, tripling valuation in four months.
key points
- Modal Labs nears $750M round at $15.75B valuation led by Accel
- Modal's annualized revenue exceeds $300M; customers include Suno, Ramp, Substack
#Modal Labs#funding#inference infrastructure#valuation
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