Thursday, 15 October, 2026
Skyrocketing to the Cloud: AI Infrastructure Startup Modal Secures $750M at a Staggering $15.7B Valuation
By TechShots Studio
AI cloud and serverless infrastructure provider Modal has raised $750 million in a Series D funding round led by Accel, pushing its valuation to $15.7 billion. The explosive growth comes as the five-year-old startup crosses a $1 billion annualized revenue run rate, fueled by unprecedented demand for its serverless compute and containerized sandbox environments powering modern AI applications.
Read full story at CIO ECONOMIC TIMES