Modal Labs Valued at $4.65 Billion as AI Coding Gains Momentum

AI startup Modal Labs has raised $355 million in a Series C funding round, valuing the company at $4.65 billion. The valuation increase reflects strong revenue growth driven by rising demand for AI coding solutions and improved access to computational resources.

By By Deepa Seetharaman Thu, May 21, 2026 at 8:03 PM GMT+3 2 min read · Yahoo Finance · May 21, 2026, 17:03 UTC

Modal Labs Valued at $4.65 Billion as AI Coding Gains Momentum

Topics: AI funding_rounds valuation

Read the full article at Yahoo Finance

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