Exclusive: AI inference startup Modal Labs in talks to raise valuation to $2.5 billion, sources say
Modal Labs, an AI infrastructure startup, is talking to VCs about a new round worth about $2.5 billion, according to four people with knowledge of the deal. If the deal closes on those terms, the funding round would more than double the company’s $1.1 billion valuation announced less than five months ago. General Catalyst is … Read more