According to Bloomberg, AI inference platform startups Modal Labs and Baseten are negotiating a new funding round. Modal Labs could be valued at approximately $15 billion, triple its valuation from four months ago; Baseten could reach a $26 billion valuation, doubling from its $13 billion valuation in June. As enterprises accelerate AI adoption and compute-intensive tools such as agents continue to evolve, demand for model inference services and related computing infrastructure is growing steadily.
Modal and Baseten are in talks for new funding rounds, with valuations rising to $15 billion and $26 billion, respectively.
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Summary
New token listings and project funding announcements are gaining momentum as Modal Labs and Baseten prepare for new capital raises. Modal’s valuation could reach $15 billion, up from $5 billion four months ago, while Baseten’s is expected to hit $26 billion, doubling from its $13 billion valuation in June. Growing demand for AI inference services and compute infrastructure is driving this growth.
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