AI Startup Modular Secures $250 Million, Achieving a Valuation of $1.6 Billion
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Author:小编   

On September 24 (local time), artificial intelligence startup Modular declared the successful closure of a new funding round, raising a hefty $250 million and propelling the company's valuation to $1.6 billion. This latest funding round was spearheaded by the US Innovative Technology Fund, with DFJ Growth also joining in, and saw the participation of all pre-existing investors. Since its inception in 2022, Modular has accumulated a total of $380 million through three rounds of financing.