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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.

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SLB bets $4.1bn on Kelvion as data-center cooling becomes a new growth engine

SLB is buying Kelvion in a $4.1 billion deal as it targets up to $5 billion in data-center revenue from the accelerating AI infrastructure boom.

bySoujanya Ravi

August 31, 2026

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