Modal Labs in Talks to Raise Funds at $15 Billion Valuation, Bloomberg News Reports
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8 Articles
Startups Modal, Baseten in Funding Talks to Help Businesses Run AI
Two startups that provide platforms to help businesses run artificial intelligence models are in talks to raise capital that could at least double their valuations, a sign of surging investor demand for infrastructure services.Modal Labs is in talks to raise new financing at a roughly $15 billion valuation, according to two people familiar with the matter, roughly triple what it was worth in a round four months ago. Baseten is in talks for a funding round that could value it at $26 billion, peop
According to a Bloomberg report, Modal Labs and Baseten, AI inference platform startups, are in talks for new funding rounds. Modal Labs' valuation could reach approximately $15 billion, roughly three times its valuation four months ago; Baseten's valuation could reach $26 billion, more than double its $13 billion valuation in June. As enterprises accelerate the adoption of AI and the development of compute-intensive tools such as intelligent ag…
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