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ModalFunding

Startups Modal, Baseten in Funding Talks to Help Businesses Run AI

What happened

Modal Labs is in discussions to raise new financing at a roughly $15 billion valuation, which would triple its previous valuation from four months ago.

Source

bloomberg.comSep 23, 2026By Natasha Mascarenhas and Dina Bass

Startups Modal, Baseten in Funding Talks to Help Businesses Run AI

Article excerpt

Highlighted: the sentence this signal was extracted from

Two startups that provide platforms to help businesses run artificial intelligence models are in funding talks to double their valuations in quick succession, a sign of surging investor demand for infrastructure services that support wider AI adoption. Modal Labs is in discussions to raise new financing at a roughly $15 billion valuation, according to two people familiar with the matter, roughly triple what it was worth in a round four months ago. Baseten is in talks for a funding round that cou

bloomberg.com/news/articles/2026-09-23/startups-modal-baseten-in-fund...Read the full source

Extracted by Autobound

From the Signal API record
Event
Funding

What this signalsNew funding often brings new budget and vendor reviews.

Financing type
Equity

The full record

From the Signal API record

Extraction

Confidence
90%
Detected
Sep 23, 2026
signal_type
news
signal_subtype
receives_financing

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/f6f3d853-ff93-1037-3af7-baed1aea30f5 returns this record as JSON. POST /v1/companies/enrich returns every signal for modal.com.

{
  "signal_id": "f6f3d853-ff93-1037-3af7-baed1aea30f5",
  "signal_type": "news",
  "signal_subtype": "receives_financing",
  "detected_at": "2026-09-23T22:28:24+00:00",
  "company": {
    "name": "Modal",
    "domain": "modal.com"
  },
  "data": {
    "url": "https://www.bloomberg.com/news/articles/2026-09-23/startups-modal-baseten-in-funding-talks-to-help-businesses-run-ai",
    "title": "Startups Modal, Baseten in Funding Talks to Help Businesses Run AI",
    "author": "Natasha Mascarenhas and Dina Bass",
    "excerpt": "Two startups that provide platforms to help businesses run artificial intelligence models are in funding talks to double their valuations in quick succession, a sign of surging investor demand for infrastructure services that support wider AI adoption. Modal Labs is in discussions to raise new financing at a roughly $15 billion valuation, according to two people familiar with the matter, roughly triple what it was worth in a round four months ago. Baseten is in talks for a funding round that cou",
    "summary": "Modal Labs is in discussions to raise new financing at a roughly $15 billion valuation, which would triple its previous valuation from four months ago.",
    "planning": true,
    "confidence": 0.9,
    "published_at": "2026-09-23T22:28:24Z",
    "article_sentence": "Modal Labs is in discussions to raise new financing at a roughly $15 billion valuation, according to two people familiar with the matter, roughly triple what it was worth in a round four months ago.",
    "financing_type_tags": [
      "equity"
    ]
  }
}

Long text fields are shortened on this page.

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