AI cloud startup Modal raises $750M at $15.75B valuation

T2Covered by 1 source · first reported by SiliconANGLE at 14 Oct, 20:28 UTC

Modal Labs Inc., a provider of artificial intelligence infrastructure, today announced that it has raised $750 million in funding. Accel led the Series D round. It was joined by Kleiner Perkins and a half-dozen existing Modal investors. The company is now valued at $15.75 billion, more than triple…