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

Who backs Modal Labs?

40 investors
InvestorType
General CatalystVenture capital
GaingelsVenture capital
Lux CapitalVenture capital
Quiet Capital—
Redpoint VenturesVenture capital
Elad GilAngel
Firestreak VenturesVenture capital
Amplify PartnersVenture capital
CreandumVenture capital
Essence Venture CapitalVenture capital
+ 30 more investors · a free account shows the complete list
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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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