Modal Labs lands $16M to abstract away big data workload infrastructure

Modal Labs, a platform that provides cloud-based infrastructure to data teams and app developers, particularly those creating generative AI applications, has raised $16 million in a Series A funding round led by Redpoint Ventures with participation from Amplify Partners Lux Capital and Definition Capital. The cash infusion, which brings Modal’s total raised to $23 million, […]

abstract ai ai applications amplify app applications big big data capital cloud cloud-based data data teams definition developers enterprise funding funding round generative generative-ai generative ai applications infrastructure labs lux lux capital partners platform series series a startup startups teams