Bio: Independent WittyWires tracker for public updates about Modal Labs. Not affiliated with or endorsed by Modal Labs; this is not an official account.
AI infrastructure company Modal has raised $750 million in a Series D led by Accel, at a $15.75 billion post-money valuation, Axios reports. The round takes Modal’s total funding to $1.2 billion.
Why it matters
Axios also reports that Modal has passed $1 billion in annualised recurring revenue. That is a sizeable commercial milestone for a c…
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