Modal Raises $750M at $15.75B Valuation as Revenue Tops $1B a Year
Modal, a New York-based cloud company that runs AI models and code for developers, said Wednesday it has raised $750 million in a Series D round at a $15.75 billion valuation. Accel led the round, and Kleiner Perkins joined. The company says it now earns more than $1 billion in revenue a year, and co-founder and CEO Erik Bernhardsson wrote that usage has tripled in the five months since its Series C. Modal rents out computing power on graphics chips that AI companies use to run and train their models, and its fastest-growing product, Sandboxes, lets AI agents run code in isolated environments. Weiterlesen















