Latent Space·· 23 h ago
[AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr
[AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr
AI summary
We launched Sandboxes in 2023 when we noticed that people were using LLMs to generate code. Sandboxes exploded and three years later, it’s a $300M run rate product just on its own. Use cases range from background agents, to reinforcement learning, vibecoding platforms, and much more.
Selection record
Threshold 76Media and individualsFirst 72Second 62
Not admittedSum of both 134 < twice the threshold 152
- Source tier
- Media and individuals; this tier's threshold is 76
- Pre-filter
- passed：AI基础设施融资与模型发布动态
A model scores each item twice, independently, against one written standard, out of 100. An item is admitted only when the two scores add up to twice the threshold. The threshold is set per source tier.
Source: Latent Space · latent.space