Modal Labs
Summary active Updated May 23, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
About
Modal Labs is a New York-based serverless infrastructure platform for AI applications, providing on-demand GPU access for AI development and inference workloads 123. Revenue grew from $60M to $300M ARR in 8 months driven by demand for GPU access and AI coding tools 12. The $355M Series C announced May 21, 2026 was co-led by General Catalyst and Redpoint with new investors Menlo Ventures, Bain Capital Ventures, and Accel joining; the round closed in two tranches with the first at $2.5B valuation and the second pushing valuation to $4.65B 123.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-21 | Series C | $355M (at $4.65B val) | General Catalyst, Redpoint | Menlo Ventures, Bain Capital Ventures, Accel 123 |
What Investors Say
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What Founders Say
No independently sourced founder quotes found at this time.
Sources
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Modal Blog, “Modal’s Series C: Raising $355M at a $4.65B valuation,” May 21, 2026. Accessed May 2026. https://modal.com/blog/modal-series-c↩↩↩↩
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SiliconANGLE, “Serverless AI infrastructure startup Modal Labs seals $355M funding round,” May 21, 2026. Accessed May 2026. https://siliconangle.com/2026/05/21/serverless-ai-infrastructure-startup-modal-labs-seals-355m-funding-round/↩↩↩↩
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Tech Startups, “Modal Labs raises $355M, quadrupling valuation to $4.65B as AI infrastructure demand surges,” May 21, 2026. Accessed May 2026. https://techstartups.com/2026/05/21/modal-labs-raises-355m-quadrupling-valuation-to-4-65b-as-ai-infrastructure-demand-surges/↩↩↩