Modular Raises $250M to Challenge Nvidia’s AI Dominance

AI startup Modular has secured $250 million in fresh funding, lifting its valuation to $1.6 billion. Its software enables AI applications to run across different chip architectures without rewriting code — offering a ‘vendor-agnostic’ layer. Clients include Amazon, Oracle and AMD. The capital will help it expand into AI training and scale its team. Modular positions itself not to replace Nvidia, but to broaden hardware choice in AI infrastructure.