Modal and Baseten seek funding at $15B and $26B valuations
The proposed rounds would sharply reprice two inference providers as AI companies buy outside capacity to run models in production.
By RuntimeWire Staff · Published
Primary source: Bloomberg Technology
Why it matters
Modal and Baseten are seeking sharply higher private valuations for businesses that must buy or secure compute to serve AI workloads. Whether the proposed prices hold will depend on undisclosed financing terms and on whether customer demand can support attractive economics after hardware costs.
Modal Labs and Baseten are in separate funding talks that could value them at roughly $15 billion and $26 billion, respectively, according to Bloomberg. The discussions, reported on September 23rd, have not produced completed rounds, and the amount of capital either startup hopes to raise is unclear.…
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