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 $103 million across 2 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
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Net Profit
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EBITDA
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Total Equity Funding
$103 M (USD)
in 2 rounds
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Latest Funding Round
$87 M (USD), Series B
Oct 01, 2025
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Investors
Amplify
& 3 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Modal
Modal has successfully raised a total of $103M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $87 million completed in October 2025. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $87.0M
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First Round
First Round
(10 Oct 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2025 | Amount | Series B - Modal | Valuation | Lux Capital |
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| Oct, 2023 | Amount | Series A - Modal | Valuation | Redpoint Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Modal
Modal has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Amplify, Redpoint Ventures and Lux Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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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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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Modal
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Modal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modal Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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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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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modal
Frequently Asked Questions about Modal
When was Modal founded?
Modal was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Modal located?
Modal is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Modal?
Erik Bernhardsson is the current CEO of Modal. They have also founded this company.
Is Modal a funded company?
Modal is a funded company, having raised a total of $103M across 2 funding rounds to date. The company's 1st funding round was a Series A of $16M, raised on Oct 10, 2023.
What does Modal do?
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.
Who are the top competitors of Modal?
Modal's top competitors include Heroku, ESDS Software Solution and Pivotal Software.
What products or services does Modal offer?
Modal offers Modal Inference, Modal Training, Modal Sandboxes, Modal Batch, and Modal Notebooks.
Who are Modal's investors?
Modal has 4 investors. Key investors include Amplify, Redpoint Ventures, Lux Capital, and Definition Capital.
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