Modal and Baseten Chase $40 Billion Valuations as AI Inference Demand Surges

Two serverless AI infrastructure startups are in funding talks that would more than double their valuations, underscoring explosive investor appetite for platforms that help companies deploy and run large language models at scale. Modal Labs is seeking funding at roughly $15 billion, up from $4.65 billion just four months ago, while Baseten is in discussions about nearly doubling its valuation to $26 billion from $13 billion in June.