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A serverless cloud platform where developers run AI and data workloads, such as model inference, training and batch jobs, on GPUs and CPUs without managing their own infrastructure. Its Sandboxes product runs AI-generated code in isolated environments.

Data & cloud infrastructureServerless GPU cloud for AI inference and sandboxesNew York, United States
FoundersSince 2021
Valuation
$16B
Total raised
$1.2B
Last round · Oct 2026
Series D
Founded
2021
Employees
200

Valuation

$1B$10B2026$16B
Modal priced rounds
RoundDatePost-money valuationRaisedLed by
Series BSep 29, 2025$1.1B$87MLux Capital
Series CMay 21, 2026$4.7B$355MGeneral Catalyst and Redpoint
Series DOct 14, 2026$16B$750MAccel
Post-money valuation at each priced round. Log scale.Hover a point for the round

Updated

Funding rounds

DateRound · leadRaisedValuation
Oct 14, 2026Series D · Accel$750M$16B
May 21, 2026Series C · General Catalyst, Redpoint$355M$4.7B
Sep 29, 2025Series B · Lux Capital$87M$1.1B
Oct 10, 2023Series A · Redpoint Ventures$16M—
Feb 14, 2022Seed · Amplify Partners$7M—

Team

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