Overview
Modal Labs, an AI inference infrastructure startup, is raising a new funding round at a valuation of approximately $2.5 billion, up from $1.1 billion just five months ago. The company, which has an annualized revenue run rate of about $50 million, aims to optimize inference processes to reduce compute costs and response lag. General Catalyst is expected to lead this funding round.
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Investors: General Catalyst
Modal Labs, an AI inference infrastructure startup, is raising a new funding round at a valuation of approximately $2.5 billion, up from $1.1 billion just five months ago. The company, which has an annualized revenue run rate of about $50 million, aims to optimize inference processes to reduce compute costs and response lag. General Catalyst is expected to lead this funding round.