Modal Labs Said to Be Closing $750 Million Round at $15.75 Billion Valuation
The Accel-led deal would more than triple the inference provider's valuation in four months as investors pile into companies that run AI models for app developers.
TECHNOLOGY · AI · CYBERSECURITY · THE SYSTEMS SHAPING BUSINESSPage 2 of 2: earlier stories.
The Accel-led deal would more than triple the inference provider's valuation in four months as investors pile into companies that run AI models for app developers.
Fidelity and Amplify co-led the round for the maker of low-power chips that let robots, drones and cameras run AI without the cloud.
Sequoia, Benchmark and Coatue led a $1 billion Series C for the SMS-only assistant, which is still invite-only and competes with Meta's Muse.
The Series B, four months after a $43 million Series A, mixes $100 million in equity led by Insight Partners with a $40 million debt facility from Stifel.
Judge Charles Breyer kept Keith O'Brien's testimony in play, declined to revisit Rippling's racketeering claims and sent Deel's main counterclaims to private arbitration.
A deal would hand Brazil's Nubank a UK banking license and 16 million customers, and would deal another blow to London's hopes of landing a major fintech listing.
The new vehicle reflects the growing belief that India can produce globally competitive AI companies rather than only serve as a software talent base.
The rapid growth of AI-assisted application building is testing how quickly a new software category can move from experimentation into enterprise use.
The startup is betting that robotics needs a standardized developer layer so teams can experiment without designing an entire humanoid platform from scratch.
The enterprise-browser company’s latest round reflects investor belief that AI is expanding the security control surface.
The venture firm is allocating capital across early and growth stages as AI companies scale faster and stay private longer.
The financing links AI enthusiasm to one of the most capital-intensive real-world applications: drug development.