AI news
Modal raises $750 million Series D for AI infrastructure
Modal says it raised $750 million in a Series D led by Accel at a $15.75 billion post-money valuation. The company reports crossing $1 billion in annualized run rate and says its Sandboxes product has a $300 million run rate. Those are company-reported current revenue rates, not funding proceeds or evidence of future revenue.
Primary source · Modal · October 14, 2026
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