[AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr
Today Modal switches from our infra unicorn category to infra decacorn.
Proof1 independent outlet
Key points
- We last caught up with Modal CTO Akshat in July:
- On the last day of AIE NYC, Akshat had a lot to share about the kind of infrastructure agents are needing for “millions of concurrent sandboxes, launch RDMA clusters securely and elastically for distributed training, train state of the art speculators for inference, build a whole new sandbox runtime, and more”:
- We launched Sandboxes in 2023 when we noticed that people were using LLMs to generate code.
- Gemini 4 Argon Launch: Capabilities, Rollout and a Weaker Monitorability Profile
Sources (1)
- [1][AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yrLatent Space · Oct 15, 10:08 AM
Today Modal switches from our infra unicorn category to infra decacorn.
We last caught up with Modal CTO Akshat in July:
Extractive summary: sentences quoted from the sources.
Before this
- Oct 14, 2026Grok Voice 3.0 from SpaceXSI outscores OpenAI and Google on speech-to-speech index
- Oct 14, 2026Tree Appreciator
- Oct 14, 2026INFUSE: A Unified Surface Benchmark for Indirect Prompt Injection in Agentic Systems
- Oct 14, 2026Research@ 2026: 10 ways we're amplifying human ingenuity
- Oct 13, 2026Claude CoWork for Local LLMs that runs on your Phone
- Oct 13, 2026Developing Gemini 4 Argon responsibly and safely
