Modal Labs key facts
as of Oct 2026- Developer of a serverless cloud computing platform designed to facilitate the deployment and scaling of compute-intensive workloads for machine learning and data processing.
- Modal Labs is valued at approximately $2.5B as of Oct 2026, set at its later-stage round, Jul 2025; nothing has traded since, per PrivateMarketView’s mark.
- It has raised $110.0M across 2 recorded rounds; the latest was Later Stage VC ($59.7M) in Jul 2025.
- Notable investors include General Catalyst, Gaingels, Lux Capital, Quiet Capital, Redpoint Ventures — 40 tracked in total.
- Status: Privately Held (backing).
Valued at $2.5B at its later-stage round, Jul 2025. Nothing has traded since.
- ·The complete investor list: 40 names
- ·Watch Modal Labs: the Monday email on marks, rounds and moves
Modal Labs funding rounds
2 roundsWho backs Modal Labs
40+Membership and data by Private Market View
Modal Labs valuation
Modal Labs was valued at $2.5 billion at its later-stage round in Jul 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.
How much has Modal Labs raised?
Modal Labs has raised $110 million in total; 2 of its rounds are on record. The largest on record was a $59.7 million later-stage round in Jul 2025.
Modal Labs investors
40 investors are on record for Modal Labs, including General Catalyst, Gaingels, Lux Capital and Quiet Capital. By type, the record holds 13 venture capital firms and 1 angel investor. The later-stage round in Jul 2025 drew 68 investors.
About Modal Labs
Developer of a serverless cloud computing platform designed to facilitate the deployment and scaling of compute-intensive workloads for machine learning and data processing. The company's platform supports containerised environments defined in code, automatic scaling from zero to hundreds of GPUs on demand, real-time monitoring, job scheduling, and integration with key cloud tools, enabling AI and machine learning teams to run large-scale inference, training, and batch processing workloads efficiently without manual infrastructure management.
- Sector
- Information Technology
- HQ
- New York, NY, United States
- Founded
- 2021
- Employees
- 14
- Website
- modal.com/
- Ownership
- Privately Held (backing)
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