Modal Raises $750M Series D at $15.75B Valuation — SkimNews
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- Modal raised a $750M Series D led by Accel at a $15.75B post-money valuation, according to Axios.
- The round brings Modal's total funding to $1.2B and the company has now passed $1B in ARR.
Why it matters: Modal's $1B ARR paired with a $15.75B valuation puts the AI infrastructure startup at roughly a 15.75x revenue multiple, and Accel leading at that scale signals continued institutional conviction in the AI compute-services layer.
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