[AINews] Modal’s $1B ARR， $16B Series D makes it NYC’s newest AI Infra Decacorn， 3x usage and 3x valuation in 5 months， 15x in 1 yr
Modal, an AI infrastructure platform, has achieved a $1 billion annualized run rate and secured a $750 million Series D investment, valuing the company at $15.75 billion, reflecting a 15x growth in valuation over the past year.