#Modal
3 stories · 2 issues · daily Modal news timeline
Financing and transaction coverage
Dates are our publication dates. Announcements and talks are not closing; different reports may concern the same transaction.
- · Modal · $750 million · Series D · Company announcement
#Modal timeline · newest first
Sun, Oct 18
Modal raises $750 million in Series D as its valuation climbs to $15.75 billion within a year
Every extra task an agent takes on means more compute to rent, and selling the "place to run" is becoming as big a business as selling models.
Fri, Sep 25
Modal Labs seeks funding at a roughly $15 billion valuation, triple its level four months ago
Inference demand brings both revenue and compute bills; Modal's advantage must come from pooling customer workloads while keeping service fast and costs under control.
Baseten seeks funding at a roughly $26 billion valuation, double its June level
As models become easier to obtain, companies need help running them reliably; Baseten's value depends on turning that engineering work into a sustainable service.