About Modal
Modal is a company based in New York (United States) founded in 2021 by Erik Bernhardsson and Akshat Bubna. It operates as a IaaS (Infrastructure-as-a-Service) and Pay-per-Use / Usage-Based. Modal has raised $465 million across 4 funding rounds from investors including Amplify, Redpoint Ventures and Lux Capital. Modal offers products and services including Modal Inference, Modal Training, Modal Sandboxes, Modal Batch, and Modal Notebooks. Modal operates in a competitive market with competitors including Heroku, Stratoscale, Pivotal Software, Robin Systems and ESDS Software Solution, among others.
- Headquarter New York, United States
- Founders Erik Bernhardsson, Akshat Bubna
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$465 M (USD)
in 4 rounds
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Latest Funding Round
$355 M (USD), Series C
May 21, 2026
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Investors
Amplify
& 6 more
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Employee Count
Not available
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Products & Services of Modal
Modal offers a comprehensive portfolio of products and services, including Modal Inference, Modal Training, Modal Sandboxes, Modal Batch, and Modal Notebooks.
Inference for LLMs and media generation is provided.
Training of AI models on clusters is enabled.
Secure environments for untrusted code are programmatically scaled.
Batch workloads are scaled on-demand across containers.
Collaborative coding and data sharing are facilitated here.
People of Modal
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Funding Insights of Modal
Modal has successfully raised a total of $465M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $355 million completed in May 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Modal
Modal has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Amplify, Redpoint Ventures and Lux Capital.
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Redpoint Ventures is engaged in venture capital investments.
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Seed and early-stage technology companies are funded by Lux Capital.
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Limited information is provided about Definition Capital's activities.
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Investor details for Modal
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Investments & Acquisitions by Modal
Investment portfolio details for Modal
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Financial Statements - Modal
Detailed financials for Modal
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Modal Comparisons
Peer comparison for Modal
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- Headcount comparison
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Competitors of Modal
Modal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Heroku, Stratoscale, Pivotal Software, Robin Systems and ESDS Software Solution, among others.
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Saas based provider of integrated platform as a service solutions
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Offers a multi-cloud hybrid platform for businesses.
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Enterprise platform as a service for big data is provided.
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Platform offering container storage software
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Cloud, data center, managed, and security services are provided.
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Detailed competitors of Modal
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Latest news on Modal
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Frequently Asked Questions about Modal
Modal was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Modal is headquartered in New York, United States. It is registered at New York, New York, United States.
Erik Bernhardsson is the current CEO of Modal. They have also founded this company.
Modal is a funded company, having raised a total of $465M across 4 funding rounds to date.
Modal is focused on delivering high-performance AI infrastructure tailored for developers. Solutions for inference, training, and batch processing are offered with sub-second cold starts and instant autoscaling. The platform is engineered for heavy AI workloads, featuring elastic GPU scaling, unified observability, and a built-in storage layer for low-latency data access. Multi-cloud capacity and first-party integrations are supported to ensure seamless operations across various environments. Sectors such as machine learning, data applications, and AI development are primarily served.
Modal's top competitors include Heroku, ESDS Software Solution and Pivotal Software.
Modal offers Modal Inference, Modal Training, Modal Sandboxes, Modal Batch, and Modal Notebooks.
Modal has 7 investors. Key investors include Amplify, Redpoint Ventures, Lux Capital, Definition Capital, and General Catalyst.