Modal Labs

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
How much has Modal Labs raised?
$110.0Macross 2 recorded rounds · Jun 2023 – Jul 2025

Most recently, Modal Labs raised $59.7M in its Later Stage VC (Jul 2025).

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Modal Labs round by round

2 rounds
Jul 2025Later Stage VC$59.7MSEC filing▮
68 investors participated
Jun 2023Early Stage VC$16.5MSEC filing▮
16 investors participated

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.

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Frequently asked about Modal Labs

How much has Modal Labs raised?
Modal Labs has raised $110.0M in total across 2 recorded funding rounds.
When was Modal Labs's last funding round?
Modal Labs's most recent recorded round was Later Stage VC in Jul 2025, raising $59.7M.