Modal Labs Seeks Funding At $2.5B Valuation
Modal Labs is reportedly looking to raise funds at a $2.5 billion valuation, TechCrunch reported Wednesday (Feb. 11). The inference-infrastructure startup would more than double its prior $1.1 billion valuation and follows large raises for rivals Baseten ($5 billion) and Fireworks AI ($4 billion). CEO Erik Bernhardsson denied active fundraising, saying recent VC conversations were general.
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Industry-relevant funding news with credible reporting; limited by single-source reporting and CEO's denial of active fundraising.
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Sources
- Read OriginalModal Labs Targets $2.5 Billion Valuation for AI Inference Workpymnts.com
