Modal Funding History

Modal provides serverless cloud compute for AI workloads.

Company Overview

GPU Cloud Platforms

Founded 2021 · New York, New York, US

Official Website

Modal Funding Timeline

Oct 14, 2026
Series D
US$750 million
Led by Accel.
Source · modal.com ↗
May 21, 2026
Series C
$355M · $4.65B valuation
Source · modal.com ↗
Sep 29, 2025
Series B
US$87 million
Led by Lux Capital.
Source · modal.com ↗
Oct 10, 2023
Series A
US$16 million
Led by Redpoint.
Source · modal.com ↗
Jan 15, 2022
Seed
~US$7 million (implied)
Led by Amplify Partners.
Source · modal.com ↗

Modal Founding Team

Erik Bernhardsson
Individual technology investor; former Spotify engineering executive.
Status: activeReviewed: 2026-10-14

Modal Products

Modal
Serverless cloud compute for running AI and data workloads.
Official Website ↗
Details and Sources
Status: activeReviewed: 2026-11-05
Sources:modal.com