Modal
PrivateLast Round
Series C
May 21, 2026
Est. Valuation
$4.7B
Total Funding Raised
$465M
Momentum Score
25 /100
Company Overview
Modal Labs, Inc. is a technology company that provides a serverless cloud platform for developers and data teams. The platform is designed to run and scale code for AI, machine learning, and data applications without the need to manage complex infrastructure. It offers features like rapid container startups, automatic scaling of resources including GPUs, and usage-based pricing. The company's services are used for a variety of workloads, including generative AI inference, model fine-tuning, large-scale batch jobs, and computational biotech.
Sector
AI, Data & Cloud Infrastructure
Verticals
ML Platforms, Serverless Computing, AI Training Infrastructure, DevOps & Containers, Platform-as-a-Service
Business Model
B2B
Customer Profile
Usage-Based SaaS, Freemium, Subscription SaaS
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Modal Comps
Public and private peers based on sector, stage, and business model.
Modal Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | May 21, 2026 | ||||
| Early Funding | Feb 1, 2026 | ||||
| Series B | Sep 29, 2025 | ||||
| Series A | Oct 10, 2023 | ||||
| Seed | Feb 14, 2022 |
Key People
Founding team and executive leadership
Modal Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Bain Capital Ventures | Series C |
| Gaingels | Series A |
| Definition Capital | Series A |
| Lux Capital | Series A, Series B |
| General Catalyst | Series C, Early Funding |
| Eastlink Capital | Series A |
| Amplify Partners | Series A, Series B, Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- May 21, 2026
$355M round led by General Catalyst and Redpoint Ventures.
- Apr 10, 2026
Raymond Tana joins as founder following company acquisition.
Modal Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Modal's valuation, stock price, and market status.
