capital · May 20, 2026
Modal Labs Hits $300 Million Annualized Revenue and Seeks New Funding at $4.5B Valuation
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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.
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