{"version":1,"type":"story","url":"https://digestai.news/story/modal-labs-and-baseten-in-funding-talks-at-roughly-15-billion-and-26-b","json":"https://digestai.news/story/modal-labs-and-baseten-in-funding-talks-at-roughly-15-billion-and-26-b.json","markdown":"https://digestai.news/story/modal-labs-and-baseten-in-funding-talks-at-roughly-15-billion-and-26-b.md","slug":"modal-labs-and-baseten-in-funding-talks-at-roughly-15-billion-and-26-b","headline":"Modal Labs and Baseten in funding talks at roughly $15 billion and $26 billion valuations","summary":"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 run AI models in production, is likewise in talks at a $26 billion valuation, double the $13 billion valuation reported in June.\n\nBoth 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.","keyPoints":["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"],"whyItMatters":"Higher valuations signal growing investor confidence in AI‑infrastructure services that let companies scale model deployment, shaping the future of enterprise AI adoption.","category":{"slug":"business","name":"Business & Funding","url":"https://digestai.news/category/business"},"entities":{"companies":["Modal Labs","Baseten"],"models":[],"people":[]},"firstPublishedAt":"2026-09-24T04:26:05Z","updatedAt":"2026-09-24T04:26:05Z","sourceCount":1,"hasPrimarySource":false,"sources":[{"outlet":"bloomberg.com","title":"Sources: Modal Labs is in funding talks at a ~$15B valuation, up from $4.65B in May; Baseten is in funding talks at a $26B valuation, up from $13B in June","url":"https://bloomberg.com/news/articles/2026-09-23/startups-modal-baseten-in-funding-talks-to-help-businesses-run-ai","publishedAt":"2026-09-24T04:26:05Z","type":"press","primary":false,"lead":true}],"sourceNotes":null,"discussions":[],"thread":null,"cite":{"text":"Digest AI, \"Modal Labs and Baseten in funding talks at roughly $15 billion and $26 billion valuations\", 24 September 2026, https://digestai.news/story/modal-labs-and-baseten-in-funding-talks-at-roughly-15-billion-and-26-b","publisher":"Digest AI","title":"Modal Labs and Baseten in funding talks at roughly $15 billion and $26 billion valuations","datePublished":"2026-09-24T04:26:05Z","url":"https://digestai.news/story/modal-labs-and-baseten-in-funding-talks-at-roughly-15-billion-and-26-b"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}