Modal Closes $750M Series D Led by Accel at $15.75B Valuation, Crosses $1B ARR
Summary
AI inference infrastructure startup Modal closed a $750 million Series D led by Accel at a $15.75 billion post-money valuation, taking total funding to $1.2 billion. The company says it has crossed $1 billion in annualized run rate, with usage tripling since its Series C five months ago. Kleiner Perkins joined the round alongside Menlo Ventures, General Catalyst, Redpoint, Lux Capital and Bain Capital Ventures.
Originally reported by axios.com
Read the original article →Original headline: Modal Closes $750M Series D Led by Accel at $15.75B Valuation, Crosses $1B ARR