Ai Funding

Modal Labs • Modal Labs

Modal Labs reportedly nears $750 million round at $15.75 billion valuation: Inference provider Modal Labs is reportedly closing in on a $750 million funding round. The new financing is expected to value the AI infrastructure startup at $15.75 billion. This valuation would more than triple the company's valuation from four months prior.

Instinct • Series C

AI agent startup Instinct raises $1 billion at $10 billion valuation: AI agent startup Instinct has raised $1 billion in a Series C funding round. The investment values the company at $10 billion. Founder Noah Shinn stated that the funding will be used to expand the reach of Instinct and continue developing its personal AI technology.

Red Queen Bio • Red Queen Bio

OpenAI-backed biosecurity startup Red Queen Bio raises $36M: AI biosecurity startup Red Queen Bio has raised $36 million in funding. The company, which is backed by OpenAI, uses artificial intelligence to design antibody drugs against novel pathogens. Its technology aims to defend against threats including future AI-enabled bioweapons.