Modal Labs raised $355M in Series C funding for a cloud computing platform that runs AI and machine learning workloads for developers. The round was co-led by General Catalyst and Redpoint Ventures, with participation from Menlo Ventures, Bain Capital Ventures, and Accel, bringing total reported equity funding to $466M. Texture raised $12.5M in Series A funding for an operating system for energy utilities that manages grid visibility and distributed resource coordination. The round was co-led by VoLo Earth and Equal Ventures, with participation from Lerer Hippeau and Abstract Ventures, bringing total reported equity funding to $23M. Vetir raised $5.5M in Series A funding from Laidlaw & Company for an AI-powered luxury wardrobe platform. Patina raised $2M in venture funding from Betaworks and True Ventures for fragrance technology that discovers new scent molecules using machine learning and molecular design.
"Modal Labs, a cloud computing platform that runs AI and machine learning workloads for developers, has raised $355M in Series C funding co-led by General Catalyst and Redpoint Ventures with participation from Menlo Ventures, Bain Capital Ventures, and Accel. Founded by Erik Bernhardsson and Akshat Bubna in 2021, Modal Labs has now raised a total of $466M in reported equity funding."
"Texture, an operating system for energy utilities that manages grid visibility and distributed resource coordination, has raised $12.5M in Series A funding co-led by VoLo Earth and Equal Ventures with participation from Lerer Hippeau and Abstract Ventures. Founded by Sanjiv Sanghavi and Victor Quinn in 2023, Texture has now raised a total of $23M in reported equity funding."
"Vetir, an AI-powered luxury wardrobe platform that personalizes shopping and styling for high-value consumers, has raised $5.5M in Series A funding from Laidlaw & Company. Vetir was founded by Kate Davidson Hudson in 2023."
"Patina, a fragrance technology company that discovers new scent molecules using machine learning and molecular design, has raised $2M in Venture funding from Betaworks and True Ventures. Patina was founded by Sean Raspet and Laura Sisson"
#nyc-startups #venture-capital #seed-and-series-a-funding #ai-and-machine-learning #energy-utilities-software
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