Modal raises $750M at $15.75bn valuation as run rate tops $1bn
THE SO WHAT
A $750M Series D at a $15.75B valuation on $1B run rate for an AI infra company says the market is still paying up for "run my models and code" platforms. If you're an infra buyer, expect pricing power to sit with a small set of scaled providers — negotiate for portability now, not later.
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