Modal Labs and Baseten in funding talks at roughly $15 billion and $26 billion valuations
Bloomberg reports that two AI‑infrastructure startups are reportedly in funding discussions that would lift their valuations dramatically. Modal Labs, which offers a cloud platform for building and deploying large‑scale models, is said to be negotiating at a valuation of about $15 billion, roughly three times the $4.65 billion figure cited in May. Baseten, a low‑code service that lets companies…
Key points
- Modal Labs is reportedly in funding talks at a roughly $15 billion valuation, up from $4.65 billion in May
- Baseten is reportedly in funding talks at a $26 billion valuation, up from $13 billion in June
- Both firms provide platforms that help businesses run and deploy artificial‑intelligence models
Both companies provide platforms that help enterprises move AI models from research to business use, and the reported valuation jumps suggest strong investor appetite for infrastructure that simplifies model deployment. The reports do not confirm any specific investment amount or lead investor, and the companies have not commented on the talks. If the discussions lead to actual financing, the deals could further consolidate the market for AI‑model operations platforms.
The story so far
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