Modular, a startup focused on simplifying AI system development, has raised $100 million in funding, bringing their total funding to $130 million. Modular plans to allocate the funds towards expanding their product offerings, bolstering hardware support, and advancing their programming language Mojo. This investment aims to enhance core products and accommodate the increasing demand, with CEO Chris Lattner emphasizing the optimization of existing products rather than just AI compute capacity.

‍

Founded in 2022 by former Google employees Chris Lattner and Tim Davis, Modular's primary engine accelerates AI model performance on CPUs and upcoming GPUs, promising up to 7.5 times faster execution than native frameworks.

‍