Modal Secures $750M Series D at $15.75B Valuation After Passing $1B Run Rate

AI infrastructure company Modal has secured a $750 million Series D at a $15.75 billion post-money valuation, led by Accel, with Kleiner Perkins joining and existing investors including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, Amplify Partners and Bain Capital Ventures…