Modal Lands $750M to Expand AI Infrastructure
Modal raised $750M Series D led by Accel to expand its cloud infrastructure for AI agents.
- Amount
- $750M
- Valuation
- $15.8B
- Led by
- Accel
AIPressRoom — the AI industry, on the record
Interview·No. 96Sergey Toshin on Why Mobile Security Breaks at Workflow Fit
Intelligence·Agents & EnterpriseHow Risk Topology Shapes AI System Design
Funding·Series C+ICON Closes $200M to Scale Robotic Construction
Funding·Series BSalience Labs Closes $125M to Accelerate Optical Switching
FundingDougs Raises €50M to Automate Accounting
Funding·Series BRapidCanvas Raises $29M to Expand AI Platform
Interviews
People A–ZAll interviews →
Fangzheng Wang
On the Constraints Shaping Hybrid Robotics
Asad Tirmizi
On why Factories Are Moving from Programs to Models
Ryan Saavedra
On why Robotic Hands Break at Reliability
Christian Duriez
On the Constraints Shaping Soft Robotics
Julius Kümmerle
On why Autonomous Driving Still Needs Boundaries
Fabio Bonomo
On why Robotic Hands Break at Durability
Marco Prata
On why Robotic Hands Break at Reliability
Rich Walker
On the Trade-Offs Shaping Robot Dexterity
Sicheng Yang
On why Embodied AI Breaks at the Hand
Tobias Antonsson
On the Constraints Shaping Micro-Robotics
Funding
$11.5B across 199 verified rounds in October
All funding →
€19.6MQilimanjaro Quantum Tech Closes €19.6M to Scale Quantum Computers
$21MOpsin Raises $21M to Expand AI Agent Security
$20MOrigin Raises $20M to Scale Construction Robots
$14MUbitium Raises $14M to Develop Universal Processor
€10.69MGoodweek Raises €10.69M to Scale AI Management for SMBs
$6.3MSolvera Raises $6.3M to Build AI Engineering Firm
€5MHolo Raises €5M to Scale AI Marketing
$5MMatters Raises $5M to Build AI Consumer Bank
More rounds·Oct 16
- $775MOratomic Lands $775M to Develop Fault-Tolerant QCs
- $225MVoltus Closes $225M to Expand Distributed Energy
- $100M+Labelbox Closes $100M+ to Scale RL and AI Agents
- $70MStand Raises $70M to Expand Resilient Home Insurance
- $65MMueon Closes $65M to Optimize AI Semiconductors
- $62MUltra Raises $62M to Expand Robot Deployment
- $60MNorth.cloud Raises $60M to Automate Cloud AI Spending
- $44MZenzap Raises $44M to Replace Workplace WhatsApp
Intelligence
Short briefs on the AI industry, built from local-language reporting
All intelligence →- Consumer
StepFun releases STEPX Neo agent phone for about $600
Bundling models, an operating system, and monthly tokens into a phone turns consumer hardware into StepFun's distribution layer. - Models & Infrastructure
REA passes 110,000 GitHub stars linking models to decompilers
The tool shows that standardized agent interfaces can automate static binary reconstruction, but its effectiveness remains bounded because it cannot parse virtualized code or conduct dynamic debugging. - Consumer
Utopai ranks second globally using post-trained MiniMax model
Domain-specific post-training can push an open-source base model past dedicated foundation labs on standard video benchmarks. - Models & Infrastructure
StartLux open-sources decision models outscoring Jev on benchmark index
Local decision weights shift agent routing from proprietary cloud APIs directly onto client machines.
Events
29 in the next 30 days
Full calendar →- Oct 22Promoted
Visual Intelligence Summit
- Oct 14–16
embedded world China Conference 2026
- Oct 14–16
AI Builders Global Conference 2026
- Oct 16–17
European Blockchain Convention 2026
- Oct 17
MIT AI Conference 2026
- Oct 20
Data Summit 2026
- Oct 21
AI & Big Data Expo Europe 2026
- Oct 21
AI Strategy & Practice Conference London 2026
- Oct 22–24
Nutrients 2026