TLDR Tech / News
Modal secures $750M Series D, reaches $1B ARR
Cloud infrastructure company Modal has achieved an annualized run rate exceeding $1 billion and closed a $750 million Series D funding round, valuing the company at $15.75 billion post-investment. The round was led by Accel, with contributions from Kleiner Perkins and other existing investors, and will fuel Modal's expansion and growth driven by high demand for AI applications.
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