Exclusive-Modal Labs valued at $4.65 billion as AI coding takes off.

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  "detected_at": "2026-05-21T17:03:00+00:00",
  "company": {
    "name": "Modal",
    "domain": "modal.com"
  },
  "data": {
    "url": "https://finance.yahoo.com/sectors/technology/articles/exclusive-modal-labs-valued-4-170342702.html",
    "title": "Exclusive-Modal Labs valued at $4.65 billion as AI coding takes off.",
    "excerpt": "Exclusive-Modal Labs valued at $4.65 billion as AI coding takes off.\n\nBy Deepa Seetharaman\n\nSAN FRANCISCO, May 21 (Reuters) - AI startup Modal raised $355 million in a new round of financing, valuing the company at $4.65 billion, CEO Erik Bernhardsson told Reuters.\n\nAI startups have been whipped by two shifts this year: the surge in AI coding and the increasing scarcity of computing power. Modal Labs is confronting both.\n\nThe startup helps AI companies access the chips they need to run AI tools, called inference. It also has a sandbox product that allows developers to test their code, increasingly created through AI, before embedding it in their products.\n\nThe company's new round is led by Redpoint Ventures and General Catalyst, which will have a board seat. The Series C round values the company at $4.65 billion, the company said, up from $1.1 billion in the fall.\n\nThe valuation reflects Modal's surge in revenue, which has spiked in the last six months as more companies build products with AI code, Bernhardsson said on Tuesday. The company's annualized revenue is about $300 million, up from an annualized rate of $60 million in September.\n\n\"Coding for the last six months has been driving everything,\" Bernhardsson said, adding that Modal's customers include biotech companies, hedge funds and two weather-forecasting firms.\n\nDuring that same time frame, however, computational...",
    "summary": "Modal Labs has valuation of $4.65B.",
    "planning": false,
    "image_url": "https://s.yimg.com/os/en/reuters.com/90c56b2db0e05c4d726ccdd6dda84153",
    "confidence": 0.3685,
    "published_at": "2026-05-21T17:03:00Z",
    "article_sentence": "Exclusive-Modal Labs valued at $4.65 billion as AI coding takes off.",
    "amount_normalized": 4650000000
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curl https://signals.autobound.ai/v1/signals/d718fd11-69df-402d-80df-51ec704b24d6 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"modal.com","limit":20}'