Modal Labs in talks to raise funds at $15 billion valuation, Bloomberg News reports

AI startup Modal Labs is reportedly in talks to raise funds at an estimated $15 billion valuation, according to Bloomberg News on September 23. The company currently boasts a valuation of $4.65 billion, as previously reported by Reuters. Modal Labs assists AI companies in accessing the necessary chips for their AI tools and offers a sandbox product for developers to test their code before integrating it into their products. The startup did not immediately provide a comment on the potential funding round.