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It makes a lot of sense when you look at how much money they have raised: https://techcrunch.com/2023/08/24/modular-raises-100m-for-ai-dev-tools/ https://techc
by ModernMech 1y ago
It makes a lot of sense when you look at how much money they have raised:
https://techcrunch.com/2023/08/24/modular-raises-100m-for-ai-dev-tools/ https://techcrunch.com/2023/08/24/modular-raises-100m-for-ai...
You don’t raise $130M at a $600M valuation to make boring old dev infrastructure that is sorely needed but won’t generate any revenue because no one is willing to pay for general purpose programming languages in 2025.
You raise $130M to be the programming foundation of next Gen AI. VCs wrote some big friggen checks for that pitch.