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Accel invests in Pocket, the dedicated device for capturing conversations, organizing insights, and helping people stay present.
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RapidCanvas Inc. secures $29M in Series B funding to expand its custom AI application development for mid-market enterprises ($100M–$1B revenue). The company’s **RapidCanvas Enterprise AI Platform** automates ~60% of AI app development using an **Enterprise Context Engine** (integrates client data to reduce AI errors) and prepackaged modules (e.g., authentication, document processing). Clients in manufacturing, finance, and retail validate use cases via **Operational Harness** before scaling AI adoption. RapidCanvas reports **8x revenue growth in 18 months** and delivers solutions through a unified subscription model.
Oct 2026 · SiliconANGLENews article
Modal raises $750 million in a Series D led by Accel, with Kleiner Perkins and existing investors participating, at a $15.75 billion valuation. The AI infrastructure provider says annualized revenue has more than tripled since May to over $1 billion, and its hosted-container service Sandboxes accounts for nearly a third of revenue. Modal plans to invest part of the funding in reinforcement-learning and post-training services.
Oct 2026 · SiliconANGLENews article
AI infrastructure startup Modal raised a $750 million Series D led by Accel. The financing values the company at $15.75 billion post-money, and Modal has topped $1 billion in ARR.
Oct 2026 · AxiosNews article
Scuba raised $34 million across two funding rounds to build its context engine for teams and AI agents. Accel led the first round and co-led the second with IVP, alongside other venture firms and angel investors. Its platform lets teams capture and organize work-related information in Collections, then share that context with AI tools including Claude, ChatGPT, Cursor and Slack. Scuba plans to use the funding to accelerate engineering and go-to-market efforts.
Oct 2026 · SiliconANGLENews article