[AINews] New AI Infra unicorns: Exa, Modal, TurboPuffer
Exa, Modal, and TurboPuffer hit major funding and revenue milestones simultaneously this week.
Three AI infrastructure companies reached major milestones in the same week: TurboPuffer hit $100M ARR and profitability, Exa raised $250M at a $2.2B valuation, and Modal raised $355M at a $4.7B valuation. This signals that the AI infrastructure layer is maturing rapidly, with specialized tools for search, compute, and vector storage achieving unicorn-scale valuations. It reflects sustained enterprise demand for purpose-built AI infra beyond the model layer.