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770 Modal Labs raises $355M, quadrupling valuation to $4.65B as AI infrastructure demand surges

Startups News
Nickie Louise @ Startups News · 05/21/2026 13:35 EDT

Modal Labs raises $355M, quadrupling valuation to $4.65B as AI infrastructure demand surges

AI startups are running into two problems at once: too much AI-generated code and not enough computing power to run it. Modal Labs is betting it can solve both. The New York-based AI infrastructure startup has raised $355 million in ...

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