Modal Labs, Baseten reveal funding discussions at higher valuations
1Yesterday 6:28 PM · 11h ago · 1 article · 1 source · development 1 of 2
Bloomberg reports that Modal Labs is in funding talks at a roughly $15 billion valuation, up from $4.65 billion in May, and Baseten is in talks for a funding round at a higher valuation. The news indicates surging investor demand for AI infrastructure services that support wider AI adoption.
“Two startups that provide platforms to help businesses run artificial intelligence models are in funding talks to double their valuations in quick succession, a sign of surging investor demand for infrastructure services that support wider AI adoption.”