Week's top US rounds: Modal Labs raises $750M at a $15.75B valuation as giant deals thin out
Crunchbase News · 2026-10-16
In the US top 10 for Oct. 10–16, AI inference cloud Modal Labs led with a $750M Series D from Accel at a $15.75B valuation, after passing a $1B revenue run rate. 3D-printed construction firm Icon raised $200M. Just two rounds reached the hundreds of millions, as investors scaled back on giant deals.
Vocabulary
Read source ↗- hitting pausetemporarily stopping an activity
- scale backto reduce the size or amount of something
- AI inferencerunning a trained AI model to produce outputs