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Modal Labs

ML
Developer ToolsNew YorkFounded 2021Website
#49 by valuationHype59

Modal is a serverless cloud infrastructure platform designed for running artificial intelligence, machine learning, and data processing workloads using code-based configuration. The company provides an environment where developers deploy functions for inference, training, batch processing, and data pipelines without managing servers or manual infrastructure setup. It offers GPU access and CPU resources that automatically scale based on workload demand, supporting applications such as large language model inference, model fine-tuning, and high-throughput computation tasks. Modal includes sandbox environments that execute isolated code for testing, evaluation, and agent-based workflows. The platform also integrates observability features that allow monitoring of logs, execution states, and performance metrics across workloads. It supports multi-cloud GPU scheduling and dynamic resource allocation to optimize compute availability across regions. Modal is used by teams building AI applications that require flexible compute scaling, low-latency execution, and simplified deployment workflows.

Founded by Erik Bernhardsson (Co-founder, CEO), Akshat Bubna (Co-founder, CTO)

Blended valuation$15.8B
Valuation history
Weekly blended valuation with priced funding rounds marked on the timeline.
$4.9B
blended valuationfunding round
Sep 29, 2025$816MOct 5, 2026
All rounds
6 funding rounds, newest first.
RoundAnnouncedRaisedPost-money
Series CMay 21, 2026$355M$4.7B
Series CApr 14, 2026$204.9M$2.5B
Series BSep 29, 2025$87M$1.1B
Series AOct 10, 2023$16.5M$145.2M
SeedApr 4, 2022$7.2M$56.6M
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Investors
40 investors across all rounds.
  • AP
    Amplify Partners
  • RE
    Redpoint
  • GC
    General Catalyst
  • LC
    Lux Capital
  • BC
    Bain Capital Ventures
  • AC
    Accel
  • AP
    Allison Pickens
  • CR
    Creandum
  • EG
    Elad Gil
  • MV
    Menlo Ventures
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Secondary market activity
Recent buy and sell interest for Modal Labs shares on the secondary market.
KindImplied valuationPrice / shareDate
Bid$1.2B$105.00May 23, 2026
Bid$1.2B$105.00May 22, 2026
Bid$1.2B$105.00May 13, 2026

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Data as of Oct 16, 2026. Valuations are estimates blended from primary and secondary-market signals — not investment advice.