Browsing: Modal

SAN FRANCISCO, Oct 19 (Reuters) – Nvidia has won central processor chip business with another fast-growing AI startup that until now relied entirely on chips from Intel and AMD, an early sign that its push into a market long controlled by those two rivals has traction.

Modal plans to run its Sandboxes product on Nvidia’s Arm-based Vera CPU, its first step away from x86 chips. In Modal’s own tests, Vera handled up to twice as many tasks as an Intel server when packed with containers. The results have not been independently checked.

AI inference infrastructure provider Modal Labs is nearing a $750 million funding round led by Accel at a $15.75 billion valuation that includes the investment, according to a been previously reported, though Axios and Bloomberg have reported other details of the deal

On September 23, 2026, Modal Labs, an artificial intelligence startup, is reportedly in discussions for a new funding round that could value the company at approximately $15 billion. This marks a significant increase from its previous valuation of $4.65 billion achieved in May, indicating a potential doubling of its worth. The startup focuses on assisting…

Lately, it seems like everyone is talking about bringing manufacturing back to the United States, especially when it comes to hard tech like drones and robotics. Michael Van Steenburg thinks he’s ahead of the game.

Artificial intelligence startups are facing two massive headaches: There’s too much AI-generated code to deal with, and not nearly enough computing power to run it all on. Modal Labs Inc., which has just raised $355 million in a new funding round, believes it can kill both birds with one stone.