Marketplace / AI/ML / Series C
Modal
“The serverless platform for AI and data teams.”
Open round — Modal is raising $355.0M for its Series C
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Overview
Modal is a serverless cloud infrastructure platform that allows developers to run AI, machine learning, and data processing workloads. It provides an environment where users can deploy and scale applications like generative AI inference and model fine-tuning with instant autoscaling and sub-second cold starts.
Traction
as reported by the founderValued at $4.65 billion as of May 2026, with significant growth in inference workloads and a large customer base of AI startups and enterprises.
Developers often struggle with the complexity and overhead of managing cloud infrastructure, including container orchestration and capacity planning, when trying to scale compute-intensive AI workloads.
Modal offers a serverless platform that allows developers to define their infrastructure in code, enabling them to instantly scale from zero to thousands of GPUs without managing underlying servers.
Company updates
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Achievements
Modal — raising $355.0M
Deck · financials · founder contact