Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
Modal’s pending round would value it at more than three times its valuation from four months ago.
TechCrunch reports Modal Labs is nearing a $750 million Accel-led round at a $15.75 billion post-money valuation. The company had announced a $355 million raise at a $4.65 billion valuation in May. Modal told Reuters then it had passed $300 million in annualized revenue. Modal declined to comment on the new funding talks. TechCrunch AI's note
TechCrunch reports Modal Labs is nearing a $750 million Accel-led round at a $15.75 billion post-money valuation. The company had announced a $355 million raise at a $4.65 billion valuation in May. Modal told Reuters then it had passed $300 million in annualized revenue. Modal declined to comment on the new funding talks. TechCrunch AI's note
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