Your Source for Venture Capital and Private Equity Financings

VC-funded Company:

Modal Labs
233 Spring St, Floor 11
New York City, NY 10013
Phone: 917-940-8790
https://modal.com/

Customers rely on Modal for instant GPU access, sub-second container starts, and native storage, so it's simple to serve low-latency inference, fine-tune models, and access production-ready sandboxes at scale. Every era of computing came with new workloads that previous infrastructure couldn't serve: mainframes, databases, the cloud. Each time, the company that rebuilt the layer underneath defined the decade. AI is no different, except it touches everything instead of one slice. The window to build is open right now.

Key Contact
Name
Erik Bernhardsson
Title
CEO
Funding Events

Date
Amount
Type
Investors
Valuation
10/19/26 $750,000,000 Series D Accel
Kleiner Perkins Caufield and Byers
$1,575,000,000