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889 Modal Labs Raises Another $16M to be the Infrastructure Backbone of AI by Allowing Companies to Develop and Deploy in Seconds

AlleyWatch
AlleyWatch @ AlleyWatch 3 place · 10/12/2023 09:27 EDT

The backbone of any AI project comes down to the hardware, software, and networking components that allow engineers and data teams to develop, deploy, and manage AI projects.  While economic challenges are forecasted for the next few years with companies cutting expenses across the board, spending on cloud infrastructure is actually expected to increase 70% to just under $1T per year by 2025; much of this is fueled by companies looking to harness the power of AI.  Modal Labs is a data infrastructure platfor

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