Modal Labs nears completion of $750 million funding round
What happened
On 29 September 2026, TechCrunch cited sources saying AI inference infrastructure provider Modal Labs was close to completing a $750 million round led by Accel at a $15.75 billion valuation. The report said the round’s size had not previously been publicly reported. No further details have been disclosed about specific terms, other investors or the closing date.
Written by AI from the reports · updated 2 d ago
Timeline
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- TechCrunch · AISource: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
According to sources, AI inference infrastructure provider Modal Labs is close to completing a $750 million round led by Accel at a $15.75 billion valuation. The size of the round had not previously been reported.
Heat of this event
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