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Modal Labs

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  1. 2026

    Modal Labs nearing $750 million funding round led by Accel at $15.75 billion valuation

    AI inference infrastructure provider Modal Labs is nearing a $750 million funding round led by Accel at a $15.75 billion valuation that includes the investment, according to a source with knowledge of the funding. The round has not been previously reported in size, though Axios and Bloomberg reported other details, and it would more than triple Modal's valuation from the $4.65 billion it reached when it announced its $355 million previous fundraise four months earlier.

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