New York, NY · Founded 2021 · Privately Held (backing)
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 based in New York, NY and was founded in 2021. It was valued at $2.5 billion at its later-stage round in Jul 2025, the last priced event on record. It has raised $110 million across 2 recorded rounds; the latest was a $59.7 million later-stage round in Jul 2025.
PMV mark · valuation
$2.5B
Oct 2026
Priced at
its later-stage round
Jul 2025
Total raised
$110.0M
Last round
Later Stage VC
Jul 2025
Cap table — not yet on record
Modal Labs's share-class structure hasn't surfaced in our sources yet. Cap tables are assembled from certificates of incorporation, round filings, and disclosures as they land.
Pro members can request priority coverage with a 48-hour turnaround.
Free account
More of Modal Labs with a free account
·The complete investor list: 40 names
·Watch Modal Labs: the Monday email on marks, rounds and moves