Modal Labs Secures $750 Million in Series D Funding, Valued at $15.7 Billion
TechTalkThai
Source published: · Checked:
Key summary
AI infrastructure provider Modal Labs has announced a successful Series D funding round of $750 million led by Accel, with participation from Kleiner Perkins and six other existing investors. The company's valuation reached $15.7 billion, representing more than a three-fold increase since the previous round in May. This growth is driven by annual revenue exceeding $1 billion, which also grew more than three times since that same period.
M31 has compiled the key facts based on reporting from the source below. Please refer to the original article for details.
This article was restructured with AI-assisted translation and may contain errors. Please refer to the original source below for accuracy.
Official source
TechTalkThai
Read original ↗https://www.techtalkthai.com/ai-cloud-startup-modal-raises-750m-at-15-75b-valuation/