Modal CEO: AI Has Entered a ‘New Era of Software’

The AI infrastructure startup Modal has secured $750 million in new funding, bringing the company's valuation to $15.75 billion. The capital injection reflects rising market demand for the computing environments and cloud resources required to develop and deploy artificial intelligence applications. By supporting billions of AI sandboxes, the company is positioning itself to capitalize on the increasing commercial need for large-scale model inference and reinforcement learning infrastructure.