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Modal Labs has secured $750 million in Series D funding at a $15.75 billion valuation, marking a nearly 239% valuation surge in five months as demand for AI inference, GPU cloud infrastructure and autonomous coding agents accelerates, pushing the company's annualized run rate beyond $1 billion. Representative image.

Modal valuation jumps 239% as AI infrastructure demand drives $750m Series D

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Can Elliptic Labs’ AI sensor platform replace hardware in future smartphones?

Elliptic Labs launches AI Virtual Smart Sensor Platform on three new smartphone models in July. Find out how it's transforming proximity sensing tech.

byPallavi Madhiraju

August 4, 2025

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