GoKawiilModal Labs nears $750M round at $15.75B valuation, led by Accel
AI inference infrastructure provider Modal Labs is close to finalizing a $750 million funding round led by Accel, valuing the company at $15.75 billion including the new capital, according to a source familiar with the deal. That figure more than triples Modal's $4.65 billion valuation from a $355 million raise just four months earlier. Modal declined to comment on the report.
GoKawiil's interpretation of the reporting above, not reported fact.
The rapid revaluation reflects surging demand for AI inference services, particularly among companies running open-source models, and suggests investors are betting heavily on infrastructure providers even as thin margins persist due to high compute costs. Similar sharp valuation jumps are reportedly occurring at rivals like Baseten, Fireworks, and Fal, indicating a broader capital rush into the inference layer of the AI stack that could intensify competition for compute resources and talent.
- Modal Labs is nearing a $750M round led by Accel at a $15.75B valuation, per a source.
- This would more than triple its valuation from $4.65B just four months ago.
- Rival inference startups Baseten, Fireworks, and Fal are also reportedly in talks for sharply higher valuations.
Source: techcrunch.com — Marina Temkin, 2026-09-28
Published there as: “Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation”
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