TechnologyModal and Baseten reportedly in funding talks that could value them at roughly $15B and $26B
Bloomberg's September 23, 2026, report puts Modal's potential valuation at roughly triple its level four months earlier and Baseten's at twice its $13 billion valuation in June.
TLDR
Bloomberg, citing people familiar with the discussions, reported on September 23, 2026, that Modal Labs was discussing financing at a roughly $15 billion valuation, while Baseten's talks could value it at $26 billion. Both startups help businesses run AI models after training, a process known as inference. The companies declined to comment. Bloomberg credits Axios with first reporting details of Baseten's round.
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Modal and Baseten reportedly in funding talks that could value them at roughly $15B and $26B
Bloomberg's September 23, 2026, report puts Modal's potential valuation at roughly triple its level four months earlier and Baseten's at twice its $13 billion valuation in June.
TLDR
Bloomberg, citing people familiar with the discussions, reported on September 23, 2026, that Modal Labs was discussing financing at a roughly $15 billion valuation, while Baseten's talks could value it at $26 billion. Both startups help businesses run AI models after training, a process known as inference. The companies declined to comment. Bloomberg credits Axios with first reporting details of Baseten's round.
