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
What is Modal Labs worth?
$2.5BPrivateMarketView mark · Oct 2026

Valued at $2.5B at its later-stage round, Jul 2025. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Modal Labs funding history

2 rounds
DateRoundRaisedPost-money
Jul 2025Later Stage VC$59.7M▮
Jun 2023Early Stage VC$16.5M▮
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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.

How Modal Labs's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Modal Labs, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Modal Labs

What is Modal Labs worth?
Modal Labs is valued at $2.5B as of Oct 2026. Valued at $2.5B at its later-stage round, Jul 2025. Nothing has traded since.
How much has Modal Labs raised?
Modal Labs has raised $110.0M in total funding across 2 recorded rounds.
When did Modal Labs last raise?
Modal Labs last raised in Jul 2025 (Later Stage VC), raising $59.7M.