Modal Labs, Inc.
PrivateLast Round
Series C
May 21, 2026
Est. Valuation
$4.65B
Total Funding Raised
$472M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Modal Labs, Inc. is an artificial intelligence and machine learning company that provides a serverless cloud computing platform for developers to build, deploy, and scale compute-intensive applications.
Sector
AI, Data & Cloud Infrastructure
Verticals
Serverless Computing, AI Training Infrastructure, ML Platforms, Cloud Infrastructure, Platform-as-a-Service
Business Model
B2B
Customer Profile
Usage-Based SaaS
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Modal Labs, Inc. Comparables
Compare Modal Labs, Inc. with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| RunPod | 87% | |
| Baseten | 86% | |
| Together AI | 84% | |
Modal Labs, Inc. 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 | Apr 12, 2022 | ||||
Seed | Feb 1, 2022 |
Key People
Founding team and executive leadership
Modal Labs, Inc. Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Uncork Capital | Series B |
| Red Swan Ventures | Series B |
| Bain Capital Ventures | Series C |
| Allison Pickens Ventures | Series B |
| Contrary Capital | Series B |
| Khosla Ventures | Series B |
| Essence VC | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 27, 2026
Grew 44% QoQ, from 131 to 188 employees.
- May 21, 2026
Annualized revenue surpassed $300 million in May 2026.
Modal Labs, Inc. Filings
SEC and related filings with document metadata.
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|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Modal Labs, Inc.'s valuation, stock price, and market status.