#Modal

3 stories · 2 issues · daily Modal news timeline

Financing and transaction coverage

Dates are our publication dates. Announcements and talks are not closing; different reports may concern the same transaction.

2026-10-18 · Modal · $750 million · Series D · Company announcement

Coverage & briefs

Updated with each publication

06/11, 04:00

NVIDIA describes Vera CPU gains for AI agent workloads

In a blog post, NVIDIA described its Vera CPU for AI agent workloads, saying it combines faster agent performance with higher capacity per watt in a single CPU. The company said that in a 100-megawatt data center comparison, Vera delivered 1.6x more agents per watt than the fastest x86 CPU and 2x faster agent speed than the most energy-efficient x86 CPU. NVIDIA also said Perplexity ran agentic coding tasks 1.5x faster on Vera, while Modal achieved up to 2x sandbox throughput per core.

AI-generated

2026-10-18

Modal raises $750 million in Series D as its valuation climbs to $15.75 billion within a year

Every extra task an agent takes on means more compute to rent, and selling the "place to run" is becoming as big a business as selling models.

Editorial

2026-10-15

Modal raises a $750 million Series D at a $15.75 billion valuation as annualized revenue tops $1 billion

The more agents there are, the bigger the business of giving them somewhere to work; sandboxes, once an overlooked piece of infrastructure, are becoming a billion-dollar revenue line.

Editorial

2026-09-25

Modal Labs seeks funding at a roughly $15 billion valuation, triple its level four months ago

Inference demand brings both revenue and compute bills; Modal's advantage must come from pooling customer workloads while keeping service fast and costs under control.

Editorial

2026-09-25

Baseten seeks funding at a roughly $26 billion valuation, double its June level

As models become easier to obtain, companies need help running them reliably; Baseten's value depends on turning that engineering work into a sustainable service.

Editorial

2026-09-19

Alibaba Launches Qwen3.8-Omni-Flash With Native Omni-Modal Input, 1M Context and a 98% Audio Price Cut

When audio input prices fall by more than nine-tenths, long recordings and videos no longer need to be chopped up to save money; reliable execution becomes the harder problem.

Editorial

2026-08-27