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
No prints on record
No secondary trades in Modal Labs shares have been recorded yet. When market activity lands it appears here as monthly aggregates and, for platform-recorded trades, dated prints.
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Secondary marks are indicative month-end price levels observed across secondary-market trading venues — a level, not a trade — and are the market input to the PrivateMarketView mark. Private share prices aren’t published anywhere. Aggregate figures combine multiple reporting channels — direct participant reports, platform transactions, third-party market intelligence — at monthly granularity. Individually dated prints are a Pro feature and are shown only for transactions recorded on our own platform. Third-party-reported trades are never republished individually, at any tier. Verified prints (✓) have been confirmed against a second source. Prints marked SPV or Forward reflect the structure’s pricing, which can differ from direct share transfers of Modal Labs stock.
