Modal Labs News
Latest news, updates, and announcements from Modal Labs.
Modal Labs opens London office to expand European AI inference presence
New York-headquartered AI infrastructure startup Modal Labs is opening a new office in London's Marble Arch area, the company confirmed. The space can accommodate up to 40 workers, with the company pl...
Modal raises $4.6B valuation in General Catalyst-led round
General Catalyst has invested in Modal, an AI cloud startup, at a $4.6 billion valuation, according to reports. The funding round underscores the continued investor appetite for compute infrastructure...
Modal Labs raises $355M Series C at $4.65B valuation.
Modal Labs, which operates a serverless cloud platform tailored for building AI applications and running inference workloads, has closed a $355 million Series C round at a $4.65 billion valuation. The...
Modal Labs is reportedly raising funds at a 2.5 billion dollar valuation, more than doubling its val...
Modal Labs is reportedly raising funds at a 2.5 billion dollar valuation, more than doubling its value in just five months. With an estimated 50 million dollar ARR, this surge highlights a systemic sh...