# Source: Inference Provider Modal Labs Closing in on $750M Round at $15.75B Valuation

> **Platform:** [SPIDITS AI](https://spidits.com/) — Real-Time AI News & Market Intelligence  
> **Published:** 2026-09-28T12:00:00.000Z  
> **Category:** FUNDING  
> **Impact Score:** 180/100  
> **Primary Source:** [TechCrunch AI](https://techcrunch.com/2026/09/28/source-inference-provider-modal-labs-closing-in-on-750m-round-at-15-75b-valuation)  
> **Canonical Citation:** [https://spidits.com/timeline/source-inference-provider-modal-labs-closing-in-on-750m-round-at-15-75b](https://spidits.com/timeline/source-inference-provider-modal-labs-closing-in-on-750m-round-at-15-75b)

## Executive Summary
The new financing is expected to more than triple the AI infrastructure startup's valuation from just four months ago.

## Referenced Coverage & Sources
- **[TechCrunch AI](https://techcrunch.com/2026/09/28/source-inference-provider-modal-labs-closing-in-on-750m-round-at-15-75b-valuation)**: Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation — _The new financing is expected to more than triple the AI infrastructure startup's valuation from just four months ago._

---
*Synthesized by SPIDITS AI Market Intelligence Desk. Track live AI news, model releases, and funding: [https://spidits.com](https://spidits.com)*