Modal Labs Closing $750 Million Round at $15.75 Billion Valuation, Tripling Worth in Four Months

Modal Labs, an AI infrastructure provider specializing in inference workloads, is closing in on a $750 million funding round that would value the company at $15.75 billion—more than tripling its valuation from just four months prior, according to sources. The Series D round is being led by Accel, marking a dramatic acceleration in the company's ascent through Silicon Valley's investor hierarchy.