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SGLang11 min read

Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr

Today Modal switches from our infra unicorn category to infra decacorn. We last caught up with Modal CTO Akshat in July:

By Latent.SpaceLatent Space
Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr

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Originally published by Latent Space on Oct 15, 2026.

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