ML Model Targets $100M Funding

Modul ML, a company specialized in selling AI software to banks and financial institutions, is aiming to raise over $100 million with a valuation exceeding $1 billion in an ongoing funding round. The round has not yet closed, but it is expected to reach a valuation of $150 million based on investor interest. The company develops AI agents to automate routine document-based processes, such as due diligence reports and deal proposals, competing with firms like Rugo and Hepia. Additionally, OpenAI is in talks to raise over $1.2 trillion after raising $75 million in a previous round. Its clients include major organizations like Hassines and global auditing firms, reflecting the increasing reliance on AI in the financial sector.

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