New York-based Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised $87M led by Lux Capital at a $1.1B valuation (Chris Metinko/Axios)

Chris Metinko / Axios:
New York-based Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised $87M led by Lux Capital at a $1.1B valuation