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Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
Summary by TechCrunch
5 Articles
5 Articles
Modal Labs would be negotiating a $750 million round led by Accel, with an assessment of close to $15 billion, according to press reports. If it were to materialize, it would more than triple the value of $4.65 billion reached four months earlier. Negotiation takes place in a market where the demand for infrastructure to run AI models grows, although the high cost of computing pushes the margins.
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Cryptocurrency News | Cryptocurrency Prices | Market CapModal Labs nears $750M funding round at $16B valuation
Modal Labs' rapid valuation growth highlights the escalating demand and investment in AI infrastructure, underscoring a shift towards efficient, scalable solutions.
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