Modal
InfrastructureTier 2Pure AIServerless cloud for AI/ML workloads. Simple Python-first interface for running GPU jobs.
USNew York, NY, USAFounded 2021
Valuation
$4.7B
Total Raised
$100M
Revenue (ARR)
$300M
P/S Ratio
15.5x
Employees
80
Key products
Modal CloudModal FunctionsGPU scheduling
Latest funding round
Series B2025-09-01
$87M
Lead: Lux Capital
Revenue notes
Revenue not publicly disclosed.
Key investors (2)
Lux CapitalRedpoint Ventures
Data and sources
Latest figure as of May 21, 2026| Figure | Value | As of | Source |
|---|---|---|---|
| Valuation | $4.7B | May 21, 2026 | modal.com |
| Annualized revenue (ARR) | $300M | May 21, 2026 | modal.com |
| Total funding raised | $100M | Apr 12, 2026 | source pending |
| Employees | 80 | Dec 1, 2025 | source pending |
Change history · 1 earlier figures
- Feb 1, 2026 · Valuation · $2.5B · source pending