Tech article
Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
Publisher description: The new financing is expected to more than triples the AI infrastructure startup's valuation from just four months ago.
TechCrunch | Sep 28, 2026 | Marina Temkin
Automated excerpt
AI inference infrastructure provider Modal Labs is nearing a $750 million funding round led by Accel at a $15. 75 billion valuation that includes the investment, according to a source with knowledge of the funding. Other inference startups are also in talks to raise fresh capital at much higher valuations. Modal was founded in 2021 by CEO Erik Bernhardsson and CTO Akshat Bubna.
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