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AIActive · 11h

Modal Labs, Baseten in major funding rounds as AI infrastructure demand surges

Two startups providing AI deployment platforms are raising capital at sharply higher valuations, signaling investor appetite for infrastructure supporting broader AI adoption.

newest coverage 5h agosummary written 5h ago3 pieces NewswiresMastodon

What to know

  • Modal Labs' valuation has tripled to $15 billion in four months; Baseten's has doubled to $26 billion in three months.
  • Both companies provide platforms enabling businesses to deploy and run AI models, positioning them as critical infrastructure for AI adoption.
  • The rapid revaluations signal strong investor confidence in AI infrastructure as a sector with durable demand.

Modal Labs AI infrastructure startupBaseten AI infrastructure startup

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

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  1. 2

    Baseten's funding valuation confirmed at $26 billion

    Bloomberg sources clarify that Baseten is in funding talks at a $26 billion valuation, up from $13 billion in June. Modal Labs is confirmed at roughly $15 billion, up from $4.65 billion in May.

    1. 1 outlet first by Bloomberg, 5h ago · read ↗

  2. 1

    Modal Labs, Baseten reveal funding discussions at higher valuations

    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.”
    — Bloomberg, News outlet · source
    1. 1 outlet Startups Modal, Baseten in Funding Talks to Help Businesses Run AI

      first by Bloomberg Tech, 11h ago