TLDR Tech / News
Modal Achieves Decacorn Status with $750M Funding Round
Modal has secured $750 million in Series D funding, led by Accel, reaching a valuation of $15.75 billion and an annualized run rate exceeding $1 billion. This achievement establishes Modal as an infrastructure decacorn, fueled by over 15 times year-over-year growth in usage for its AI agent sandboxes and distributed training solutions. The tech news landscape also features numerous new model releases, including Google's Gemini 4 Argon, Meta's Muse Wonder, and SpaceXAI's Grok Voice 3.0.
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