[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
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.
