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

[AI]

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, […]