World & BusinessModal and Baseten reportedly in funding talks that could at least double their valuations
Bloomberg reports Modal Labs is discussing financing at a roughly $15 billion valuation, while Baseten is in talks for a round that could value it at $26 billion.
TLDR
Modal Labs and Baseten, which provide platforms for businesses to run AI models, are in funding talks that could at least double their valuations, Bloomberg reports. Citing two people familiar with the matter, Bloomberg says Modal is discussing financing at a roughly $15 billion valuation—roughly triple its valuation in a round four months earlier. Baseten’s potential round could value it at $26 billion.
Modal and Baseten reportedly in funding talks that could at least double their valuations
Bloomberg reports Modal Labs is discussing financing at a roughly $15 billion valuation, while Baseten is in talks for a round that could value it at $26 billion.
TLDR
Modal Labs and Baseten, which provide platforms for businesses to run AI models, are in funding talks that could at least double their valuations, Bloomberg reports. Citing two people familiar with the matter, Bloomberg says Modal is discussing financing at a roughly $15 billion valuation—roughly triple its valuation in a round four months earlier. Baseten’s potential round could value it at $26 billion.