Fundraising Fox

Modal

New York, US · 9 known investors

Modal provides a serverless cloud platform designed for data, AI, and machine learning applications, enabling developers to scale from zero to thousands of CPUs or GPUs with simple code. The company offers usage-based pricing and handles infrastructure concerns including custom file systems, container runtimes, and schedulers.

AI & Machine LearningCloud ComputingDeveloper Toolsin /modal-labs @modal

Founders & leadership

EB

Erik Bernhardsson

AB

Akshat Bubna

Investors · 9

Amplify Partners✓ verifiedBay Area

Lux Capital✓ verifiedNew York City

Creandum✓ verifiedStockholm

General Catalyst✓ verifiedSan Francisco

Redpoint Ventures✓ verifiedWoodside

Menlo VenturesSan Francisco

Zero Prime VenturesSan Francisco

AccelreportedPalo Alto

Bain Capital VenturesreportedBoston

In the news

AI cloud startup Modal Labs raises $355m - DCDdatacenterdynamics.com · 2026
Grishin Robotics on X: "Modal raised $355M in Series C funding at a $4.65B post-money valuation, led by General Catalyst and Redpoint Ventures. The company is building cloud infrastructure for AI workloads rather than a single-purpose GPU cloud: elastic inference, dynamic agent runtimes, reinforcemex.com · 2026
Serverless AI infrastructure startup Modal Labs seals $355M funding round - SiliconANGLEsiliconangle.com · 2026
Modal Raises $355M in Series C Funding at Post-Money Valuation of $4.65 Billionfinsmes.com · 2026
Modal Labs valued at $4.65 billion as AI coding takes off - The Economic Timesm.economictimes.com · 2026
Modal - 2026 Company Profile, Team, Funding & Competitors - Tracxntracxn.com · 2024