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Modal raises $750M at $15.75bn valuation as run rate tops $1bn

Modal, a cloud company that runs AI models and code for developers, announced on Wednesday that it has raised $750 million in a Series D round at a $15.75 billion valuation. Accel led the round, and Kleiner Perkins joined. All of Modals existing investors also took part, including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, [] This story continues at The Next Web

15 Oct 2026 12:06 am