Tech Startups Modal Labs and Baseten are in talks to raise funding at valuations that could at least double, Bloomberg reported Wednesday, citing people familiar with the matter.

Modal Labs is in talks to raise financing at a roughly $15 billion valuation, up from a round four months ago, according to the people, the report said.

Baseten is in talks for a round that could value it at $26 billion, up from $13 billion in June, the people said, according to the report.

Modal Labs and Baseten did not immediately respond to requests for comment from MT Newswires.

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