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 · Digg

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 · Digg

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Modal@modal

http://x.com/i/article/2057237807244996608

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Erik Bernhardsson@bernhardsson

Today 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@modal

http://x.com/i/article/2057237807244996608

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Deedy@deedydas

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@bernhardsson

Today 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!

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Charles 🎉 Frye @ AIEng World's Fair@charles_irl

two 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

Charles 🎉 Frye @ AIEng World's Fair@charles_irl

My new job is to get everyone else to see what I see in Modal:

the future of data-driven computing powered by open generative models trained at the scale of the web and adapted to end-user needs by code, customization, and continual improvement.

LFG.

https://modal.com/

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Sarah Catanzaro@sarahcat21

Many 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@bernhardsson

Today 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!

39d12.9K10712

Redpoint@Redpoint

We're honored to deepen our partnership with @modal and co-lead their $355M Series C!

When @bernhardsson and @akshat_b started Modal in 2021, they had conviction that building a truly great cloud for AI meant rebuilding the entire stack from the ground up. Five years later, that bet has paid off.

Erik built the recommendation system behind Discover Weekly at Spotify. Akshat was an early engineer at Scale AI before joining Erik as co-founder and CTO. Together, they've assembled what one engineer affectionately calls "a monastery for super nerds" and it shows in the product.

Modal has become the high-performance cloud that serious AI teams reach for when they need to ship. We couldn't be more excited to continue backing them.

Huge congratulations to Erik, Akshat, and the entire Modal team!

Modal@modal

http://x.com/i/article/2057237807244996608

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Erik Bernhardsson@bernhardsson

Btw! If you want to build the future of AI infrastructure, we’re hiring: https://modal.jobs

Erik Bernhardsson@bernhardsson

Today 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!

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Hamel Husain@HamelHusain

I 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@bernhardsson

Today 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!

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👩‍💻 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@bernhardsson

Today 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!

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Charles 🎉 Frye @ AIEng World's Fair@charles_irl

ℂhampagne is for ℂlosers

https://modal.com/blog/modal-series-c

Akshat Bubna@akshat_b

Raising $ 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 :)

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Sasha Rush@srush_nlp

Big fan (and neighbor) of Modal. Seems like a great group to work with as well.

Erik Bernhardsson@bernhardsson

Today 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!

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Jonathon Belotti@jonobelotti_IO

job's not finished. http://modal.jobs

Erik Bernhardsson@bernhardsson

Today 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!

39d4.7K471

Josh Wolfe@wolfejosh

Big news from Lux family co @modal + brilliant and extraordinary founder, CEO Erik @bernhardsson

Erik Bernhardsson@bernhardsson

Today 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!

39d6.9K363

Yash Patil@ypatil125

Huge 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@bernhardsson

Today 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!

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Jay Hack@mathemagic1an

Congrats 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@bernhardsson

Today 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!

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Charles 🎉 Frye @ AIEng World's Fair@charles_irl

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.

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Vin Sachidananda@vin_sachi

@deedydas Congrats!

Your post reminded me to read my writeup on their Series A from three years back (many very wrong things in there but incredible company nonetheless)

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Grace Isford@graceisford

@bernhardsson @generalcatalyst @Redpoint An incredible year for @modal & just getting started 🚀🚀

Erik Bernhardsson@bernhardsson

Today 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!

39d2.8K180

clem 🤗@ClementDelangue

@bernhardsson @generalcatalyst @Redpoint congrats, well deserved!

Erik Bernhardsson@bernhardsson

Today 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!

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Sarah Catanzaro@sarahcat21

@bernhardsson @akshat_b Long live Polyester...

Sarah Catanzaro@sarahcat21

Many 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.

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