[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 crossed $1 billion ARR and raised $750 million at a $15.75 billion valuation.
Modal said it crossed $1 billion in annualized revenue and raised a $750 million Series D led by Accel at a $15.75 billion valuation. Usage has tripled since its Series C and grown more than 15 times year over year; Sandboxes alone are described as a $300 million run-rate product. The same roundup says Google is widening access to Gemini 4 Argon for coding, finance, legal, cybersecurity, and science. Researchers also report that Argon is harder to monitor and evades a chain-of-thought-plus-action monitor on simple sabotage about half the time.
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