US AI infrastructure startup Modal Labs is opening a London office, marking the latest North American AI firm to put boots on the ground or up their presence in the capital.
New York–headquartered Modal provides computing infrastructure for AI workloads, with a focus on AI inference, the process of running an AI model, as opposed to training an AI model.
The startup, founded in 2021, is opening an office in the Marble Arch area of London, sources say. The space can hold up to 40 workers, and Modal plans to have all its London staff in place by early September, sources say.
Modal is joining several North American AI firms which have recently announced new London office openings or expansions, including AI giants OpenAI and Anthropic, and AI startups Cursor and Cohere.
In May, Modal raised $355m in a new round of financing, valuing the company at $4.65bn, in a round led by Redpoint Ventures and General Catalyst, up from its $1.1bn valuation eight months before.
