Modular, AI Startup Challenging Nvidia, Discusses Funding at $600 Million Valuation

Modular, a startup whose software aims to loosen Nvidia’s chokehold over in-demand artificial intelligence chips, has been in talks with investors including General Catalyst to raise Series A funding that would value it at roughly $600 million, according to two people with knowledge of the deal discussions. The new capital would come less than two years after two Google and Apple alumni co-founded the startup and only three months after it launched its flagship software product.

Investors expect Modular to …

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