Modal Completes $16 Billion Series D Funding, ARR Reaches $1 Billion
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Modal has completed a $16 billion Series D funding round, with ARR reaching $1 billion, making it New York's newest AI infrastructure unicorn. Its usage and valuation both grew 3x within 5 months and 15x within a year.
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Modal achieved 3x growth in both usage and valuation within 5 months, which can be used to observe the financing pace of AI infrastructure vendors.
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← AI NewsAI NewsModal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr
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