Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation
The new financing is expected to more than triples the AI infrastructure startup's valuation from just four months ago.
Modal Labs, an AI inference provider, is raising $750 million at a $15.75 billion valuation, more than tripling its value from four months prior. Inference is the process of running an already-trained AI model to generate outputs, a service experiencing high demand particularly from customers using open-source models. Other inference startups are also raising capital at significantly increased valuations, though these companies operate with thin margins because the cost of acquiring or leasing computing power remains very high. The funding reflects rapid revenue growth in the sector, with one inference startup announcing annualized revenue of $1 billion in July.
- Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion · TechCrunch
- Anthropic reportedly plans to move forward with IPO plans · TechCrunch
- AI agent tooling provider LangChain secures $300M investment · SiliconANGLE
- All of today’s AI news, biggest first →
One short email a day with the stories that matter. Free. Unsubscribe with one click.
Want to go deeper than the news? Explore live, cohort-based AI courses taught by practitioners.
Browse AI courses on Maven
Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Also reported by SiliconANGLE
Anthropic reportedly plans to move forward with IPO plans
The AI company is expected to set its valuation range this week, the Wall Street Journal reported.
Also reported by The Verge
AI agent tooling provider LangChain secures $300M investment
LangChain Inc., a startup with a set of popular open-source tools for building artificial intelligence agents, has raised $300 million in funding. The Wall Street Journal reported today that Alphabet Inc.’s CapitalG fund led the round. It was joined by IVP, Sapphire Ventures, GIC and DFJ Growth. LangChain is now worth $3 billion. San Francisco-based […] The post AI agent tooling provider LangChain secures $300M investment appeared first on SiliconANGLE.
Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
Top chip manufacturer TSMC is ready to invest $1 billion in Anthropic and OpenAI. That would give the Taiwanese chipmaker direct stakes in leading AI developers, even as its own contract chipmaking business has profited enormously from the AI data center buildout. The chipmaker’s board approved plans to invest up to $500 million in OpenAI preferred stock reserved for large investors and another $500 million to purchase Anthropic common shares at the latter’s expected IPO price, according to Reut
Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo
Norwest pushes deeper into AI with new $4B fund
This is the investment firm's largest fund to date.