Modal Labs Seeks New Funding At $15 Billion Valuation Nearly Tripling Previous Round

Modal Labs, an AI infrastructure startup founded in 2021, is in talks to raise new funding at a roughly $15 billion valuation, nearly tripling its $4.65 billion valuation from a $355 million round in May. The company provides inference infrastructure using Nvidia GPUs and traditional CPUs, as investor demand accelerates for AI inference platforms amid growing adoption of open-source models and AI agents. FOUNDER: Erik Bernhardsson VALUATION: $15,000,000,000 HQ: New York City, New York #VentureCapital #ModalLabs #ErikBernhardsson #TradedVC