capital · May 16, 2026
Modal revenue surge to $300 million prompts $4.5 billion valuation talks
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Inference provider Modal is raising new funding at a $4.5 billion valuation. Annualized revenue has grown to approximately $300 million. Much of the growth comes from its sandbox offering used by AI agents. Stephanie Palazzolo posted the update on May 13 2026 with co-author Anissa Gardizy. The post received 435 likes and 9 reposts.
Spend governor blocked model creation: provider_circuit_open (lane=dev, provider=together)