Modal Triples Valuation to $15 Billion as AI Infrastructure Demand Explodes

Artificial intelligence (AI) infrastructure startup Modal was valued at $15.75 billion in a Series D funding round in which it raised $750 million, CEO Erik Bernhardsson said in a Wednesday (Oct. 14) blog post. Modal’s new valuation is more than triple the $4.65 billion valuation the company achieved in a May Series C round in which is raised $355 […] The post Modal Triples Valuation to $15 Billion as AI Infrastructure Demand Explodes appeared first on PYMNTS.com.