Megaround Tape Shows VC Still Clustering Around AI
Friday, May 29, 2026 · 6 min
Modal’s $355 million Series C tops a funding tape packed with AI and infrastructure bets, including Mercury, Exa, OpenRouter, Socket and Catena Labs, as venture capital keeps concentrating around platforms and late-stage winners.
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Modal’s $355 million Series C tops a funding tape packed with AI and infrastructure bets, including Mercury, Exa, OpenRouter, Socket and Catena Labs, as venture capital keeps concentrating around platforms and late-stage winners.
In this episode
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