Modal reportedly nears a $750 million funding round
Official brand graphic: ModalTechCrunch reported on 28 September that AI inference infrastructure provider Modal Labs was nearing a $750 million round led by Accel at a $15.75 billion post-money valuation, citing a person familiar with the discussions. Modal declined to comment. The report describes negotiations, not a completed financing; this archival entry does not establish that the deal has since closed.
DTT summary based on TechCrunch's report. The full article is on the publisher's site.
Round details
Modal Labs provides AI inference infrastructure. Its services run trained AI models to generate outputs.
- Negotiations reported on 28 September, not a confirmed closed round.
- Modal declined to comment; the report does not establish a later closing.
- Reported proposed raise: $750M
- Valuation: Proposed $15.75B post-money
- Reported prospective lead: Accel
- Use of funds: A specific allocation of the prospective new round was not disclosed in the September report.