AI inference startup Modal Labs in talks to raise at $2.5B valuation, sources say
General Catalyst is in talks to lead the round for the four-year-old startup, according to our sources.
General Catalyst is in talks to lead the round for the four-year-old startup, according to our sources.
The round was led by FPV Ventures co-founder and managing partner Wesley Chan.
Benchmark Capital has been an investor in the Nvidia rival since 2016.
The startup — with backing from Accel — is building a financial layer that handles the authentication and micro-payments required for AI agents.
AI startups like Clay and ElevenLabs are using early liquidity to keep their best talent.
The two-year-old startup confirms that it closed a Series A led by Lightspeed at $1 billion valuation.
This AI doctor is licensed in all 50 states, the startup says. The deal was led by CRV and Kleiner Perkins.
The profitable life-insurance platform was one of the first major tech companies to test the 2026 public markets.
The deal is structured as an acquihire of nine key Cleanlab’s researchers.
The 12-year-old firm raised $360,360,360 for its fifth fund. And there’s a reason for that number.