Modal Labs Triples Valuation in Four Months

🔥 What happened Modal Labs is closing a $750M round led by Accel at a $15.75B valuation – more than triple its $4.65B mark from just four months ago. The inference startup hit $300M ARR as of May. 💡 Why it matters Inference is the new gold rush: Baseten doubled to $26B, Fireworks hit $1B ARR. But margins are razor-thin – compute costs eat the profits. Modal's 150 employees serve Cognition, Suno, and Substack. ⚡ Our take Forget foundation models – the real money is in the pipes. Modal's valuation jump is either genius or a bubble; we'll know when margins get disclosed.