Modal Secures $750M Series D at $15.75B Valuation After Passing $1B Run Rate
AI infrastructure firm Modal has raised $750 million in Series D funding at a post-money valuation of $15.75 billion, led by Accel and joined by Kleiner Perkins. Existing investors Menlo Ventures, General Catalyst, Redpoint, Lux Capital, Amplify Partners, and Bain Capital Ventures also participated. The company recently achieved an annualized run rate of over $1 billion.
AI infrastructure firm Modal has raised $750 million in Series D funding at a post-money valuation of $15.75 billion, led by Accel and joined by Kleiner Perkins. Existing investors Menlo Ventures, General Catalyst, Redpoint, Lux Capital, Amplify Partners, and Bain Capital Ventures also participated. The company recently achieved an annualized run rate of over $1 billion.
Sources
- AI Insider — Modal Secures $750M Series D at $15.75B Valuation After Passing $1B Run Rate
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