Modal

Private

Serverless cloud platform for AI and ML workloads that lets developers run inference, training, batch processing, and data pipelines at scale without managing infrastructure. Built a custom container runtime, file system, scheduler, and image builder for seamless developer experience.

Founders Erik Bernhardsson

CEO Erik Bernhardsson

Company

Founded

2021

Headquarters

New York, United States

Financials

Total Funding

$110M

Last Valuation

$1.1B

Sectors

Artificial Intelligence Developer Tools Cloud Computing

modal.com Twitter Blog

Funding History

3 rounds

Series B Sep 29, 2025

$87M

Valuation: $1.1B

Lux Capital (Lead) Redpoint Ventures Amplify Partners Definition Capital Creandum

Series A Oct 10, 2023

$16M

Redpoint Ventures (Lead) Amplify Partners Lux Capital Definition Capital

Seed May 1, 2022

$7M

Amplify Partners (Lead) Definition 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.