Back to News

Modal Labs nears $750M round at $15.75B valuation, tripling in four months

#modal labs#funding#inference#ai infrastructure

TechCrunch reports that inference provider Modal Labs is closing a $750 million funding round at a $15.75 billion valuation, more than tripling its valuation from four months ago. The financing highlights surging investor demand for AI infrastructure startups.

Coverage timeline

  1. TechCrunch AIMarina Temkin
    Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation

    The new financing is expected to more than triples the AI infrastructure startup's valuation from just four months ago.

Related stories

  • Thinking Machines in talks to raise $1B+ at $40B+ valuation, below last year's $50B target

    Mira Murati's AI lab Thinking Machines is in talks to raise at least $1 billion at a pre-money valuation of over $40 billion, with existing backer Accel reportedly in talks to lead the round. The valuation is lower than the $50 billion-plus it sought late last year, and the company's annual revenue run rate is over $100 million.

    2 reports · 2 sources

  • OpenAI in early talks for private round at $1.2T valuation, seeks $1.5T

    Sources report OpenAI has held early conversations with investors about raising another private funding round at a $1.2T valuation before its planned IPO. Separately, investors recently approached OpenAI with a proposal at that valuation, but OpenAI believes its value should be at least $1.5T, which would double its worth and make it the world's most valuable private company.

    2 reports · 1 sources

  • Manus in talks to raise $500M at $4B valuation after Meta merger collapse

    AI startup Manus is in discussions to raise $500 million at a $4 billion valuation, according to a report. The fundraising comes as the company resumes independent operations after breaking off a merger with Meta earlier this year.

    1 reports · 1 sources

  • Cognition raises $2B at $48B valuation; run-rate revenue nearly doubles to $900M

    AI coding startup Cognition AI Inc. has raised $2 billion in a new funding round, boosting its valuation to $48 billion, up from $26 billion in May. The company also reported that its run-rate revenue grew from $492 million in May to approximately $900 million.

    1 reports · 1 sources

News updates every hour. Subscribe in your RSS reader to get new stories automatically.

Subscribe