Exclusive: AI inference startup Modal Labs in talks to raise valuation to $2.5 billion, sources say

Modal Labs, a startup specializing in AI inference infrastructure, is raising a new round at a valuation of about $2.5 billion, according to four people with knowledge of the deal. Should the deal close on these terms, the financing round would more than double the company’s valuation $1.1 billion announced less than five months ago. […]

Indian Drone -Startup Raphe MPHIBR raises $ 100 million as the military UAV requirement soars | Techcrunch

Indian Drone Startup Raphe MPHIBR Has collected $ 100 million in an all-equity series B-round led by General Catalyst, because the startup aims to stimulate its R&D and local production possibilities in the midst of the growing demand for drones in battlefields and for border surveillance. Drones are always ugly in global military operations. In […]