Modal

Modal raises $355M at $4.65B valuation with General Catalyst and Redpoint

Modal, the New York City-based AI-native cloud compute and serverless container platform, raised $355 million in Series C funding at a $4.65 billion post-money valuation. General Catalyst and Redpoint led the round with new investors Menlo Ventures, Bain Capital Ventures, and Accel joining alongside existing backers. The funding supports expansion of low-latency inference, reinforcement learning infrastructure, and GPU sandboxing systems while growing engineering teams in New York, San Francisco, and Stockholm. Co-founders Erik Bernhardsson and Akshat Bubna lead the company, which has now raised approximately $466 million total.

Modal raises $355M Series C at $4.65B post-money valuation

Modal Labs closed a $355 million Series C at a $4.65 billion valuation roughly 22 hours ago. Revenue surged fivefold in about six months to around $300 million annualized, driven by AI-assisted coding per CEO Erik Bernhardsson. The round was led by Redpoint Ventures and General Catalyst with new participation from Accel and Menlo Ventures. The company has launched over 1 billion sandboxes and plans to expand low-latency inference, reinforcement learning loops, and agent execution environments.

Modal Labs valued at $4.65 billion after $355M Series C round

Modal Labs raised $355 million in a Series C round valuing the company at $4.65 billion, CEO Erik Bernhardsson told Reuters on May 21, 2026. The round occurred in two tranches, starting at a $2.5 billion valuation before additional investors joined at the higher price; General Catalyst and Redpoint led with Accel and Menlo Ventures in the second tranche. Annualized revenue reached approximately $300 million, up from $60 million in September 2025, fueled by AI coding adoption. Modal partners with 13 cloud providers for compute and serves biotech, hedge funds, and weather-forecasting firms alongside its core AI infrastructure customers.

Modal raises $355M Series C at $4.65B valuation

Modal raised $355 million in Series C funding at a $4.65 billion post-money valuation on May 21, 2026. The round was led by General Catalyst and Redpoint Ventures with participation from Menlo Ventures, Bain Capital Ventures, and Accel; existing major investors also participated. Revenue grew fivefold since September 2025 to surpass $300 million in annualized run rate, with over 1 billion sandboxes launched on the platform. Erik Bernhardsson, CEO and co-founder, stated that AI coding tools have driven the surge, and the company works with 13 compute providers to support low-latency inference, reinforcement learning, and agent sandboxes for customers including DoorDash, Cognition, Physical Intelligence, Chai Discovery, and Suno.

Modal Seeks Systems Engineering Manager and Member of Technical Staff for Product Growth

Modal Sponsors Raise the Stakes Summit with GPU Upgrade for AI Startups

Modal Labs in Talks for New Funding Round at $2.5 Billion Valuation

Modal Labs discusses a potential new funding round at approximately $2.5 billion valuation with General Catalyst possibly leading, according to four sources familiar with the talks on February 11, 2026. The round would more than double the $1.1 billion valuation from the $87 million Series B announced less than five months prior in September 2025. Modal reports annualized revenue run rate of about $50 million at the time. CEO Erik Bernhardsson described recent VC interactions as general conversations rather than active fundraising. Discussions remain early and terms could change.

Modal Labs Hits $300 Million Annualized Revenue and Seeks New Funding at $4.5B Valuation

Modal Labs reports annualized revenue reaching about $300 million as of May 2026, a fivefold increase from prior levels. The company is in talks to raise $150–$250 million in a new round at a $4.5 billion valuation with Accel and Redpoint among investors in discussions. Modal previously closed an $87 million Series B in September 2025 at a $1.1 billion post-money valuation, bringing total funding above $111 million. Sacra notes the revenue growth occurs amid rising GPU spot prices that could pressure margins. The update appears in a May 13, 2026 section on Sacra's Modal Labs profile.

Modal Promotes Claude Managed Agents Integration in Official Thread

Modal Labs Hits 9-Figure ARR After Raising $87M Series B at $1.1B Valuation

Modal Launches Integration with Anthropic Claude Managed Agents Using Sandboxes

Modal in Talks to Raise at $4.5 Billion Valuation After Revenue Surges

Modal seeks new funding at a $4.5 billion valuation. The AI inference infrastructure startup's annualized revenue reached approximately $300 million. Revenue grew about 5x from levels in fall 2025. Modal rents Nvidia GPUs and provides sandboxes for running AI agents and code. Customers including Ramp and Lovable use the isolated environments. Accel and Redpoint Ventures participate in talks alongside prior backers General Catalyst, Lux Capital, and Amplify Partners. Total capital raised exceeds $111 million. Rising GPU spot prices from major AI developers may compress margins.

Wirestock Closes $23 Million Series A to Scale Multimodal Data Platform

Wirestock Raises $23 Million Series A for Multimodal Data Supply to AI Labs

Modal Labs Team Hiring in San Francisco and New York City

Modal revenue surge to $300 million prompts $4.5 billion valuation talks

Modal targets $4.5 billion valuation amid fivefold revenue surge to $300 million

Modal aims for a $4.5 billion valuation in its next round. Annualized revenue has grown fivefold to $300 million since last fall. The surge is driven by AI agent sandboxes used by customers including Ramp and Lovable for agent development and reinforcement learning. The company seeks between $150 million and $250 million. Rising Nvidia GPU costs from OpenAI demand create margin pressure.

Competitive move: Modal undercuts AWS Lambda prices by 40% for ML inference. Game changer for startups.

Competitive move: Modal undercuts AWS Lambda prices by 40% for ML inference. Game changer for startups.