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[AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr

L4 · DeveloperIndustry & BusinessLatent Space· 10/15/2026

Major funding and growth metrics for AI infrastructure platform essential for developers building agent systems.

AI Summary

Modal hit $1B ARR and raised a $750M Series D at a $15.75B valuation, with sandbox infrastructure usage tripling in 5 months.

Excerpt

Sandboxes are all you need.

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0 upvotes · 0 downvotes · 1 min read

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