Modal

InfrastructureTier 2Pure AI

Serverless cloud for AI/ML workloads. Simple Python-first interface for running GPU jobs.

USNew York, NY, USAFounded 2021

Valuation

$15.8B

Total Raised

$100M

Revenue (ARR)

$1.0B

P/S Ratio

15.8x

Employees

Key products

Modal CloudModal FunctionsGPU scheduling

Series B2025-09-01

$87M

Lead: Lux Capital

Revenue not publicly disclosed.

Not on the Mindshare watchlist yet. See tracked companys

Lux CapitalRedpoint Ventures

Latest figure as of Oct 14, 2026

Figure	Value	As of	Source
Valuation	$15.8B	Oct 14, 2026	modal.com
Annualized revenue (ARR)	$1.0B	Oct 14, 2026	modal.com
Total funding raised	$100M	Apr 12, 2026	source pending
Employees	80	Dec 1, 2025	source pending

Change history · 3 earlier figures