Modal
Unicorn exit · $4.7BAcquiredNew York, US · Founded 2021 · 221 employees on LinkedIn · 34 known investors
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Modal provides a cloud platform that lets developers define compute, hardware, and application logic in Python and deploy to the cloud, with fast-booting containers and autoscaling GPUs. It targets AI and ML workloads such as inference, model training, and large-scale parallel processing.
Also known as Drifting in Space · Jamsocket, Inc. · Modal · MODAL LABS, INC.
Founders & leadership
Modal was founded in 2021 by Erik Bernhardsson and Akshat Bubna.


Board


Investors · 34
How we know: Amplify Partners's portfolio page · the company's own site · a partner's Signal profile · board seat on SEC Form D · the VCSheet dataset · research · siliconvalleyinvestclub.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the company's own site · funding news · research · siliconvalleyinvestclub.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Lux Capital's portfolio page · the company's own site · funding news · research · siliconvalleyinvestclub.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the company's own site · Redpoint Ventures's portfolio page · a partner's Signal profile · board seat on SEC Form D · research · siliconvalleyinvestclub.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the company's own site · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Abstraction Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: funding news · research · siliconvalleyinvestclub.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Ally Ventures's portfolio page · Not right? Tell us
How we know: Anti's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Bain Capital Ventures's portfolio page · funding news · research · siliconvalleyinvestclub.com · Not right? Tell us
How we know: Capital B Private Holdings's portfolio page · Not right? Tell us
How we know: Eastlink Capital Partners's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Essence Venture Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Firestreak Ventures's portfolio page · Not right? Tell us
How we know: Materialized View Capital's portfolio page · Not right? Tell us
How we know: Menlo Ventures's portfolio page · research · siliconvalleyinvestclub.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Transpose Platform Management's portfolio page · Not right? Tell us
How we know: Zero Prime Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
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How we know: the VCSheet dataset · Not right? Tell us
How we know: research · siliconvalleyinvestclub.com · Not right? Tell us
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Also in the syndicate · 4
Reported raises · per SEC filings
Form D private placements$456.3M disclosed across 4 of 9 rounds · 2022–2026
▶$204.9MraisedAug 2026 · 41 investors · Other TechnologyRule 506(b)
- Erik BernhardssonExecutive Officer, Director
- Akshat BubnaExecutive Officer
- Sarah CatanzaroDirector
- Patrick ChaseDirector
- Seth ZelnickExecutive Officer
- Offering amount
- $205M
- Amount sold
- $204.9M
- First sale
- Apr 2026
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$175.3MraisedAug 2026 · 17 investors · Other TechnologyRule 506(b)
- Erik BernhardssonExecutive Officer, Director
- Akshat BubnaExecutive Officer
- Sarah CatanzaroDirector
- Patrick ChaseDirector
- Seth ZelnickExecutive Officer
- Offering amount
- $175.4M
- Amount sold
- $175.3M
- First sale
- May 2026
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$16.5MraisedOct 2025 · 16 investors · Other TechnologyRule 506(b)
- Erik BernhardssonExecutive Officer, Director
- Patrick ChaseDirector
- Sarah CatanzaroDirector
- Akshat BubnaExecutive Officer
- Offering amount
- $18M
- Amount sold
- $16.5M
- First sale
- Jun 2023
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
▶$59.7MraisedOct 2025 · 68 investors · Other TechnologyRule 506(b)
- Patrick ChaseDirector
- Akshat BubnaExecutive Officer
- Erik BernhardssonExecutive Officer, Director
- Sarah CatanzaroDirector
- Offering amount
- $94.4M
- Amount sold
- $59.7M
- First sale
- Jul 2025
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Jamsocket (also referenced by its founders as Drifting in Space) was a backend platform for building sync engines and high-performance, browser-based applications. Its core idea was to give every end user of an application a dedicated, session-lived backend process — an architecture used by products such as Figma and GitHub Codespaces — and to make deploying that architecture as straightforward as deploying a conventional web server.
The company shipped several components: Plane, an open-source orchestrator that powers the Jamsocket platform; Y-Sweet, a document store and realtime sync backend running on top of Jamsocket; and ForeverVM, a service providing stateful Python REPLs for AI code execution. Jamsocket's infrastructure was built on gVisor, the secure container runtime also used by Modal.
On July 10, 2025, Modal announced that the Jamsocket team was joining Modal through an acquisition. Co-founders Paul Butler (CEO) and Taylor Baldwin (CTO) joined Modal to build Jamsocket- and ForeverVM-like functionality into Modal's platform, while existing Jamsocket products were to continue operating during migration. Y Combinator lists Jamsocket's status as acquired.
Founding story
Jamsocket was founded in 2021 by Paul Butler and Taylor Baldwin. Butler's background spans engineering and data science, including software engineering on search at Google, quantitative analysis at Two Sigma, and botnet detection at an adtech startup; he is originally from Halifax, Canada and based in Brooklyn. Baldwin was previously a software engineer at Uber and Datadog building WebGL-based data visualization applications in the browser, worked at one point with the New York Times R&D team, and holds bachelor's and master's degrees in piano performance and pedagogy.
Business model
Jamsocket sold developer infrastructure: a hosted backend platform on which application developers deployed per-user, session-lived backend processes and realtime sync services, complemented by an open-source orchestrator (Plane). The sources do not specify pricing terms.
Not specified in the available sources beyond the sale of hosted backend platform services to application developers.
Traction
Public sources provide limited traction data: a team size of 5 and Y Combinator Winter 2022 participation. Modal noted that applications built on Jamsocket were increasingly AI-centric, and that customers would gain access to GPU inference and sandboxes post-acquisition.
Latest developments
On July 10, 2025, Modal announced Jamsocket was joining the company. Paul Butler and Taylor Baldwin joined Modal's team, Jamsocket products were to keep operating while core functionality migrated to Modal, and Jamsocket web properties now redirect to the acquisition announcement.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Jamsocket occupied the session-based/ephemeral backend infrastructure niche, adjacent to container orchestration and code-sandbox providers. Modal characterized Jamsocket's customer base as increasingly AI-centric, positioning the combined offering around GPU inference, code sandboxes, and realtime backends on one platform.
Technology
Jamsocket ran on gVisor, a secure container runtime. Its stack included Plane, an open-source orchestrator handling session-lived backend processes; Y-Sweet, a document store and realtime synchronization backend; and ForeverVM, which provides stateful Python REPLs as a service for AI code execution.
Go-to-market
Developer-led distribution: an open-source orchestrator (Plane) as an entry point to the hosted platform, plus community activity such as hosting developer events in New York. Y Combinator (Winter 2022) association provided additional visibility.
Developers and engineering teams building collaborative, compute-intensive, or browser-based applications that require a dedicated backend per user session, including realtime document collaboration and, increasingly, AI applications needing code execution sandboxes.
Geography
Headquartered in New York City, New York, United States. The founders were described as active participants in the New York tech scene, regularly hosting developer community events.
History
Founded in 2021 and based in New York City, Jamsocket took part in Y Combinator's Winter 2022 batch with Diana Hu as primary partner and had a team size of 5. Its founders previously operated under the name Drifting in Space. The company built the Plane orchestrator, the Y-Sweet sync backend, and ForeverVM, and was acquired by Modal in an announcement dated July 10, 2025.
Risks & controversies
No risks or controversies are reported in the available sources. As of the acquisition, Jamsocket's standalone products were slated for migration into Modal's platform, implying eventual consolidation of the original offerings.
Compiled by commissioned research from 13 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
The Modal mafia →6 people who came through Modal went on to found or lead other companies.
Related companies · 7
Companies working in the same space as Modal.
Timeline · 10
launches, deals, and filingsSeries C of $355 million led by General Catalyst and Redpoint Ventures with participation from Accel, Menlo Ventures and Bain Capital Ventures; reported to have closed in two tranches, an initial tranche at a $2.5B valuation (February 2026) and a second at $4.65B.
$355M source ↗
Cumulative sandbox launches on the platform passed one billion; the Sandboxes product accounts for roughly one third of total revenue.
Partnership with Oracle Cloud Infrastructure providing access to competitively priced GPU capacity, supporting Modal's multi-cloud architecture.
Modal launched browser-based Notebooks using GPU memory snapshots that reduce startup times by 10x, and introduced clustered computing for multi-node, RDMA-connected GPU workloads.
Modal launched Volumes v2 and released JavaScript/TypeScript and Go SDKs in beta.
Modal Labs raised an $87 million Series B led by Lux Capital, bringing total money raised to $111 million and a post-money valuation of $1.1 billion. Pillsbury Winthrop Shaw Pittman acted as counsel to the company.
$87M source ↗
Modal announced that the Jamsocket team is joining Modal in an acquisition. Co-founders Paul Butler (CEO) and Taylor Baldwin (CTO) joined Modal. Jamsocket products were stated to continue operating normally while core functionality is migrated to Modal's platform. Deal terms were not disclosed.
Modal signed a Strategic Collaboration Agreement (SCA) with AWS.
Modal reached general availability in October 2023, opening instant account sign-ups and features including web endpoints, cron jobs and persistent storage, after gradual beta access and a public waitlist during 2022.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 13
primary sources listed
- Jamsocketmodal.com · web
- Pillsbury Advises Modal Labs, Inc. on $87 Million Series B Funding Roundpillsburylaw.com · web
13 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Modal do?
- Jamsocket was a New York backend platform for session-based, browser-run apps, acquired by AI infrastructure company Modal in July 2025.
- Who founded Modal?
- Modal was founded by Erik Bernhardsson, Akshat Bubna in 2021.
- Who are Modal's investors?
- Modal's investors include Amplify Partners, General Catalyst, Lux Capital, Redpoint Ventures, Creandum, Abstraction Capital, Accel, Ally Ventures and 22 more.
- How much funding has Modal raised?
- Modal has disclosed $456.3M raised across 4 of its 9 known rounds.
- Where is Modal headquartered?
- Modal is headquartered in New York, US.


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