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Modal Labs in Talks for Funding Round Valued at $2.5 Billion

Modal Labs in Talks for Funding Round Valued at $2.5 Billion
Modal Labs, an AI inference infrastructure startup, is in early discussions with venture capital firms about a new financing round that could value the company at roughly $2.5 billion. If completed, the round would more than double the $1.1 billion valuation reported less than five months earlier. The company’s annualized revenue run rate is about $50 million. Co‑founder and CEO Erik Bernhardsson said the conversations are general and not an active fundraising effort. Existing backers include Lux Capital and Redpoint Ventures, while General Catalyst is reportedly considering leading the round. Leer más →