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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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Quantum leap: PsiQuantum and Queensland Unis set to revolutionize tech education

PsiQuantum has inked a memorandum of understanding with five leading Queensland universities to fortify Australia’s position in the…

byPallavi Madhiraju

July 17, 2024

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