# Modal Triples Valuation to $15 Billion

> AI infrastructure startup Modal's valuation jumps to $15.75 billion after tripled demand.
- Title: Modal Triples Valuation to $15 Billion · Pymnts | Shortify
- Summary: AI infrastructure startup Modal's valuation jumps to $15.75 billion after tripled demand. modal, ai infrastructure, series d funding · reported by Pymnts.
- Keywords: modal, ai infrastructure, series d funding, valuation, ai demand, modal valuation, business, finance, Triples, Billion, Pymnts
- Source: Pymnts — https://pymnts.com/news/investment-tracker/2026/modal-triples-valuation-to-15-billion-as-ai-infrastructure-demand-explodes
- Author: PYMNTS
- Published: 2026-10-15T01:06:56+00:00
- Read time: 1 min
- Topics: modal, ai infrastructure, series d funding, valuation, ai demand, modal valuation, business, finance
## Modal's New Valuation
Modal's valuation jumps to $15.75 billion in a Series D funding round raising $750 million.

> Just five months ago, when we announced our Series C, I wrote that demand was accelerating
## Usage Tripled in Five Months
Usage tripled and year-over-year growth exceeded 15x since Series C announcement.

> We recently crossed $1B in annualized run rate with no sign of slowing down
## AI Infrastructure Demand Explodes
Modal provides cloud infrastructure for AI applications with inference, training, and functions.

> Companies use the Modal platform to get apps from experimentation to production
## Key takeaway

AI infrastructure startup Modal's valuation triples to $15.75 billion as usage surges.