AI inference startup Modal Labs in talks to raise at $2.5B valuation, sources say
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Modal Labs, an AI inference startup, is reportedly raising funds at a valuation of $2.5 billion, more than doubling its previous valuation of $1.1 billion. General Catalyst is in talks to lead this funding round. Modal's annualized revenue run rate is approximately $50 million. The startup focuses on optimizing AI inference, which enhances efficiency and reduces response time. Other inference-focused companies have also recently secured significant funding, indicating strong investor interest in this sector. Modal was co-founded by Erik Bernhardsson in 2021, with backing from Lux Capital and Redpoint Ventures.
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