Modal Labs

Private

AI-native cloud compute and serverless container platform. Elastic inference, dynamic agent runtimes, reinforcement learning training loops, and parallel sandbox infrastructure. $300M+ ARR with 5x growth since September 2025. NYC HQ with offices in San Francisco and Stockholm.

Founders Erik Bernhardsson, Akshat Bubna

CEO Erik Bernhardsson

Company

Founded

2021

Headquarters

New York, United States

Financials

Total Funding

$458M

Last Valuation

$4.7B

Sectors

Artificial Intelligence Developer Tools Cloud Computing

modal.com

Funding History

4 rounds

Series C May 21, 2026

$355M

Valuation: $4.7B

General Catalyst (Lead) Redpoint Ventures Menlo Ventures Bain Capital Ventures Accel

Series B Sep 15, 2024

$80M

Valuation: $1.1B

Lux Capital (Lead)

Series A Sep 15, 2022

$16M

Redpoint Ventures (Lead)

Seed Sep 15, 2021

$7M

Amplify Partners (Lead) Lux Capital

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.