Modular secures $100M to build tools to optimize and create AI models

Modular, a startup creating a platform for developing and optimizing AI systems, has raised $100 million in a funding round led by General Catalyst with participation from GV (Google Ventures), SV Angel, Greylock and Factory.
Bringing Modular’s total raised to $130 million, the proceeds will be put toward product expansion, hardware support and the expansion of Modular’s programming language, Mojo, CEO Chris Lattner says.
“Because we operate in a deeply technical space that requires highly specialized expertise, we intend to use this funding to support the growth of our team,

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