Axios Pro Exclusive ContentIllustration: Lazaro Gamio/AxiosModal Labs has raised a $87 million round led by Lux Capital that values the AI infrastructure company at $1.1 billion, co-founder and CEO Erik Bernhardsson tells Axios Pro.Why it matters: The round, the latest in the AI infrastructure space, had been rumored for months.Go deeperTrump threatens 100% tariff on foreign-made moviesPresident Trump greets spectators by the first hole tee box during the 2025 Ryder Cup on Sept. 26. Photo: Scott...