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The Economic Times
The Economic Times

Modal Labs valued at $4.65 billion as AI coding takes off

AI startup Modal raised $355 million in a ​new round of financing, valuing ​the company at $4.65 billion, CEO Erik Bernhardsson told ​Reuters.

AI startups have been whipped by two shifts this year: the surge in AI coding and the increasing scarcity of computing power. Modal Labs is confronting both.

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