Modal raises $355 million in Series C funding at a $4.65 billion valuation led by General Catalyst and Redpoint after crossing $200 million in annual recurring revenue
Its platform powers AI training, inference, and sandbox workloads for Anthropic, Meta, and others.
#23Sasha Rush@SRUSH_NLPBig fan (and neighbor) of Modal. Seems like a great group to work with as well.
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
@bernhardsson @generalcatalyst @Redpoint congrats, well deserved!
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
#271👩💻 Paige Bailey@DYNAMICWEBPAIGE🙌 Very proud of this team!!
We're finally in a place where open-weight models have hit production quality (ex: @googlegemma), and can run on commodity GPUs – so teams are taking ownership of fine-tuning, RL, and inference.
And agents are now real workloads, with over 1B sandboxes launched on Modal so far. Can't wait to see what these folks build next! 🚀
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
When I first joined Menlo, Modal was the #1 early stage company I wanted to invest in. Back then, they were just a ~$100M company.
Finally, 2 years later, it’s an honor to finally partner with Erik, Akshat and team.
As an engineer myself, I’ve never found an easier ways to scalably run all AI infra workloads (training, inference, sandbox, etc) across some of the best AI companies in the world: Anthropic, Meta, Suno, Doordash, Applied Compute, Cognition.
Fun fact: Modal is one of the only companies where both founders are IOI gold medalists (2003 Sweden and 2014 India) and one of the most efficient startups in terms of revenue / employee
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
@charles_irl @modal Congratulations!
Charles 🎉 Frye@charles_irltwo years ago, I joined a team of about a dozen at @modal who shared a dream: a distributed computing platform fit for the fast-approaching future of generative intelligence. that future is now. ℂ is for ℂonviction. https://modal.com/blog/modal-series-c
@bernhardsson @generalcatalyst @Redpoint congrats!!
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
#733Sarah Catanzaro@SARAHCAT21Many people don’t know that before there was Modal, there was Polyester, a vision to solve “any data problem” through better infrastructure. Specifically, @bernhardsson and @akshat_b believed that most infrastructure delivered scalability and reliability, but sacrificed developer productivity. They believed data and AI teams deserved amazing tools and workflows that could turbocharge them. The entry point to deliver this vision was clear: figure out how to run code.
6 years later, that vision hasn’t really changed. Yes, the needs of AI engineers are evolving every single day. Yes, they need even more scalable, more reliable, more performant systems. But Modal’s commitment remains the same: give data and AI folks tools that feel good and make them deliver deeper impact faster.
Proud that I convinced them to change the name; proud that they raised a sh#t ton of cash; proud that every time Erik shares a revenue plan, I balk, and then he beats it by over 100%, and grateful to learn from Erik, Akshat, and the Modal team throughout this journey.
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
@bernhardsson @akshat_b Long live Polyester...
Sarah Catanzaro@sarahcat21Many people don’t know that before there was Modal, there was Polyester, a vision to solve “any data problem” through better infrastructure. Specifically, @bernhardsson and @akshat_b believed that most infrastructure delivered scalability and reliability, but sacrificed developer productivity. They believed data and AI teams deserved amazing tools and workflows that could turbocharge them. The entry point to deliver this vision was clear: figure out how to run code. 6 years later, that vision hasn’t really changed. Yes, the needs of AI engineers are evolving every single day. Yes, they need even more scalable, more reliable, more performant systems. But Modal’s commitment remains the same: give data and AI folks tools that feel good and make them deliver deeper impact faster. Proud that I convinced them to change the name; proud that they raised a sh#t ton of cash; proud that every time Erik shares a revenue plan, I balk, and then he beats it by over 100%, and grateful to learn from Erik, Akshat, and the Modal team throughout this journey.
#746Erik Bernhardsson@BERNHARDSSONToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint.
We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
Modal@modalhttp://x.com/i/article/2057237807244996608
Btw! If you want to build the future of AI infrastructure, we’re hiring: https://modal.jobs
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
#863Charles 🎉 Frye@CHARLES_IRLtwo years ago, I joined a team of about a dozen at @modal who shared a dream: a distributed computing platform fit for the fast-approaching future of generative intelligence.
that future is now.
ℂ is for ℂonviction.
#863Charles 🎉 Frye@CHARLES_IRLℂhampagne is for ℂlosers
Akshat Bubna@akshat_bRaising $ is cool. What’s even cooler is getting to work every day with this incredible group of humans. We like solving hard problems and building things we can be proud of. If this is you, come join us! We’re just getting started :)
ℂ is for ℂommercialization.
Language models don't just model language; they interact with the world.
And the world interacts with them back.
I spent $33 of @modal's Series C funding to pay @andon_thinking to make and air an ad -- and add a company favorite to the catalog.
#863Charles 🎉 Frye@CHARLES_IRLModal@modalhttp://x.com/i/article/2057237807244996608
@charles_irl @modal see told ya
Charles 🎉 Frye@charles_irltwo years ago, I joined a team of about a dozen at @modal who shared a dream: a distributed computing platform fit for the fast-approaching future of generative intelligence. that future is now. ℂ is for ℂonviction. https://modal.com/blog/modal-series-c
@bernhardsson @generalcatalyst @Redpoint Congrats on building a fantastic product!
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
#1252Yash Patil@YPATIL125Huge congrats to @bernhardsson @akshat_b and the whole @modal team!
In an age where so many teams are moving to own their own models, Modal provides powerful primitives we use for training and serving models at scale.
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
#1277Hamel Husain@HAMELHUSAINI always have been impressed by modal’s tech. Highly recommend this talk https://youtu.be/3jJ1GhGkLY0?si=hArGUK4I4lGDEPDV
The product is a magical experience, they went deep on the tech to remove the pain from infrastructure. It’s ***fast*** and has great DX especially for AI workloads
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
#1281Jay Hack@MATHEMAGIC1ANCongrats to @modal on the Series C!
AGI will be written in python and run on Modal.
Unreal execution from this team since the very beginning - we built our entire backend on them at @codegen and I'd do it again in a heartbeat.
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
@bernhardsson @j_schottenstein @generalcatalyst @Redpoint Congrats!
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
@bernhardsson @generalcatalyst @Redpoint congrats Erik and team!
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
@bernhardsson @generalcatalyst @Redpoint extraordinary execution + momentum. Lux is proud to be your partner!
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
#1539Josh Wolfe@WOLFEJOSHBig news from Lux family co @modal + brilliant and extraordinary founder, CEO Erik @bernhardsson
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
#1703alex peysakhovich@ALEX_PEYSi think i use modal more than i use claude code, great product!
Erik Bernhardsson@bernhardssonToday we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint. We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!