Company
Modal Labs
Serverless cloud infrastructure platform built for AI workloads, enabling developers to run GPU-based applications with usage-based pricing and automatic scaling.
Enterprise Software
Funding History
Sep 29, 2025Series B
Modal Labs raised an $87M Series B led by Lux Capital, with existing investors also participating.
May 21, 2026Series C
Modal Labs raised a $355M Series C at a $4.65B post-money valuation, co-led by General Catalyst and Redpoint Ventures.
Oct 14, 2026
Modal raised $750M at a $15.75B valuation. The company aggregates compute capacity from 20-25 clouds and serves AI-native companies across inference, training, sandboxes, and reinforcement learning workloads.
News
Interviews (3)
Modal raises at $15.75B valuation with Cognition, Ramp, Suno, Runway, and DoorDash as customers
14 Oct 2026
Modal Labs raises $355M Series C at $4.65B valuation as sandbox product grows 2x per month
21 May 2026
Modal Labs raises $87M Series B led by Lux Capital to scale serverless AI infrastructure
29 Sept 2025