M
Modal
Inference cloudPrivateModal is an inference cloud based in New York, United States, founded in 2021. It is privately held.
Capacity, contracted—not disclosed in MW
Capacity, operating—not disclosed
Valuation$15.8Bpost-money, 14 Oct 2026
Compute deals on record0see table below
Key facts
| Classification | Inference cloudHow types are assigned |
| Status | Private |
| Headquarters | New York, United States |
| Founded | 2021 |
| Founders | Erik Bernhardsson (Spotify)XSiteAkshat BubnaXLinkedIn |
| Capacity and backlog | Modal runs serverless GPU functions and sandboxes on capacity from multiple clouds and does not disclose data center capacity.Reported, not confirmed by the company |
| Chips | NVIDIA |
| Raised | $1.22Bequity and debt as disclosed (reported) |
| Latest financing | $750M, Series D, 14 Oct 2026 |
| Investors named | Accel, General Catalyst, Redpoint |
| Website | modal.com |
| Profiles and work | X @modalLinkedInGitHub, 111 public reposYouTubeHow links are checked, checked 10 Nov 2026 |
Sources for this table: datacenterdynamics.com, sacra.comchecked 9 Nov 2026
Compute deals and financings
No compute contract or financing of Modal with a public source is on the ledger.
Investors by round
| Investor | Round | Date | Round size | Role | Status | Source |
|---|---|---|---|---|---|---|
| General Catalyst | Series C | 2026-05 | $355M | co-lead | Reported | |
| Redpoint | Series C | 2026-05 | $355M | co-lead | Reported | |
| Accel | Series D | 2026-10-14 | $750M | lead | Reported |
Latest posts on X
The most recent posts from @modal, the X account of Modal, quoted as posted. Replies and reposts are left out. How posts are selected.
Compute shouldn’t be the bottleneck for your next big idea. We're launching Modal for Builders, a program that provides compute credits to builders working on ambitious AI projects. Have a demo you’ve been wanting to build? A research question you want to explore? Or another idea that needs compute? We’d like to hear about it. Apply with your idea and an estimate of the compute you’ll need. Projects may also be featured on Modal’s social channels. Some projects we’ve backed in the past:
View the post on X · With video
Vmax is building Campaign, a platform for RL task generation using self-play. We worked with them to teach agents to use the Modal SDK, translating Python code into working Modal workloads by generating tasks that target their failure modes. Modal's elastic compute lets them run and check solutions, from GPU calculations to inference endpoints that reuse state across requests.
Frontier AI data lab @SnorkelAI uses Modal Sandboxes and Modal Inference to power millions of agent evals each month. Snorkel uses evals to test agents on rigorous and diverse benchmarks ranging from coding to infrastructure eng through data science. Modal lets them flexibly serve open-weight models and use a mix of CPU and GPU Sandboxes at scale, cutting their sandbox bill by 20%.
View the post on X · With video
checked 10 Nov 2026
Is Modal publicly traded?
No. Modal is a private company with no publicly traded shares (checked 9 Nov 2026). Its latest disclosed valuation is $15.8B post-money (14 Oct 2026).
EveryNeo is an independent informational project. Nothing here is investment, legal or financial advice. Disclaimer
Other inference clouds on the ledger
| Company | Status | Contracted | Operating | Valuation / market cap |
|---|---|---|---|---|
| FFireworks AI | Private | — | — | $17.5B |
| BBaseten | Private | — | — | $13B |
| SSambaNova Systems | Private | — | — | $11B |
| CCerebras Systems | NASDAQ:CBRS | 600 MW | — | $23B |
| TTogether AI | Private | — | — | $8.3B |
Work at Modal, or see something wrong? Update this profile with a public source. How corrections work.