Ranked on: #6 Highest-Revenue Private Companies 2026 · #30 Largest Series C+ Rounds of 2026 (Ranked) · #31 Most Valuable Private Companies 2026 · Get your badge →
Is this your company? Get featured or correct your listing →
Key Metrics
Company Snapshot
Modal Labs is based in New York, New York, USA, founded 2021. Latest valuation $15.75B (As of Oct 14, 2026, Modal).
Recent changes
- Oct 14, 2026Oct 14, 2026Raised $750M Series D at a $15.75B valuation SiliconANGLE
- Oct 14, 2026Oct 14, 2026First reported arr: $1B+ Modal
- Oct 14, 2026Oct 14, 2026New investor: Kleiner Perkins SiliconANGLE
- Oct 14, 2026Oct 14, 2026Valuation rose from $4.65B to $15.75B Modal
- Sep 28, 2026Sep 28, 2026Reportedly raised $750M at a $15.75B valuationRumored TechCrunch
Earlier changes (9)
- Sep 28, 2026Sep 28, 2026Modal Labs Nears $750M Round At $15.75B Valuation Pulse story
- Jun 10, 2026Jun 10, 2026Raised $355M Series C Crunchbase News
- Jun 10, 2026Jun 10, 2026New investor: Redpoint Ventures Crunchbase News
- Jun 10, 2026Jun 10, 2026New investor: Menlo Ventures Crunchbase News
- Jun 10, 2026Jun 10, 2026New investor: Bain Capital Ventures Crunchbase News
- Jun 10, 2026Jun 10, 2026New investor: Accel Crunchbase News
- Jun 10, 2026Jun 10, 2026New investor: General Catalyst Crunchbase News
- Jun 10, 2026Jun 10, 2026Modal Labs Raises $355M Series C at $4.65B Pulse story
- May 2026May 2026First reported valuation: $4.65B Modal
Funding History
4 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Oct 14, 2026 | Series D | $750M | $15.75B | AccelLeadunverifiedKleiner Perkinsunverified | SiliconANGLE |
| Sep 28, 2026 | funding roundRumored | $750M | $15.75B | TechCrunch | |
| Jun 10, 2026 | Series C | $355M | — | Crunchbase News | |
| Series D | $750M | — | AccelLeadunverifiedKleiner PerkinsunverifiedMenlo VenturesunverifiedGeneral CatalystunverifiedRedpoint VenturesunverifiedLux CapitalunverifiedAmplify PartnersunverifiedBain Capital Venturesunverified | Modal |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Oct 14, 2026 | $15.75B | Reported | Modal |
| May 2026 | $4.65B | Reported | Modal |
Investors
Latest Pulse
- Oct 17, 2026Pulse Tracker Tops $196B, Yet Median Round Is Just $110MValue Add Pulse's funding tracker has logged $196.2 billion across 521 disclosed deals in 2026, but the median round is just $110 million -- a sign capital is concentrating in a handful of giant checks.→
- Oct 16, 2026Value Add Pulse Tracker Tops $196B As Mega-Rounds Pile UpValue Add Pulse's funding tracker has logged $196.2 billion across 521 deals, separate from $44 billion in VC fund closes -- and this week alone added Ramp's $60B valuation and OrbiMed's $3B in new funds.→
- Oct 16, 2026Biggest US Funding Rounds This Week: Modal's $750M LeadsCrunchbase's weekly ranking found just two U.S. rounds at or above $200M this week -- Modal Labs' $750M Series D and Icon's $200M Series D -- with investors otherwise sticking to the $60M-to-$135M range across AI, biotech and construction tech.→
- Oct 14, 2026Modal Confirms $750M Series D, Crosses $1B Annualized RevenueModal Labs has closed the $750 million Series D at a $15.75 billion valuation first reported as pending in September, and says the AI infrastructure company has now crossed $1 billion in annualized revenue.→
- Oct 11, 2026Proximal's $15M Seed Already Values It At $300MProximal emerged from stealth with a $15 million seed led by General Catalyst at a $300 million valuation, building AI infrastructure that automates the post-training feedback loop for frontier models.→
- Sep 29, 2026Samsung Invests $1B In KKR-Backed AI Infra Firm HelixSamsung is investing $1 billion in Helix, an AI infrastructure company backed by KKR, extending its push to capture value across the AI buildout beyond its own memory-chip business.→
- Sep 28, 2026SiMa.ai Raises $150M Series C At $1.45B ValuationSiMa.ai closed an oversubscribed $150 million Series C at a $1.45 billion valuation, led by Fidelity and Amplify, bringing its total capital raised to $500 million for its edge AI inference chips.→
- Sep 28, 2026Modal Labs Nears $750M Round At $15.75B ValuationInference provider Modal Labs is reportedly closing in on a $750 million round that would value it at $15.75 billion, the latest sign that managed AI-inference startups are re-pricing as fast as the model labs they serve.→
- Jul 21, 2026Dimension Capital Closes $800M Fund for Science and AIDimension Capital raised an $800 million third fund, 60% larger than its prior vehicle, betting that founders increasingly want to build companies crossing the boundary between biotech, physical science and AI compute.→
- Jun 10, 2026Hark Raises $700M Series A at $6B ValuationHark raised a $700M Series A betting that frontier AI migrates from cloud to personal devices -- a thesis that strengthens every time OpenAI raises API prices. At $6B pre-revenue, investors are underwriting the hardware + AI convergence thesis at a scale unseen since Magic Leap.→
Coverage Timeline
newest first- Oct 16, 2026FUNDINGBiggest US Funding Rounds This Week: Modal's $750M Leads$750M Modal (Top Round)→
- Oct 14, 2026FUNDINGModal Confirms $750M Series D, Crosses $1B Annualized Revenue$750M Series D ($15.75B valuation)→
- Sep 28, 2026FUNDINGModal Labs Nears $750M Round At $15.75B Valuation$750M round (reported)→
- Jun 10, 2026FUNDINGModal Labs Raises $355M Series C at $4.65B$355M→
All Coverage
FUNDING$750M Modal (Top Round)
Biggest US Funding Rounds This Week: Modal's $750M Leads
Crunchbase's weekly ranking found just two U.S. rounds at or above $200M this week -- Modal Labs' $750M Series D and Icon's $200M Series D -- with investors otherwise sticking to the $60M-to-$135M range across AI, biotech and construction tech.
BY THE NUMBERS
Modal Confirms $750M Series D, Crosses $1B Annualized Revenue
FUNDING$750M Series D ($15.75B valuation)
Modal Confirms $750M Series D, Crosses $1B Annualized Revenue
Modal Labs has closed the $750 million Series D at a $15.75 billion valuation first reported as pending in September, and says the AI infrastructure company has now crossed $1 billion in annualized revenue.
FOLLOW-UP
Modal Labs Nears $750M Round At $15.75B Valuation
FUNDING$750M round (reported)
Modal Labs Nears $750M Round At $15.75B Valuation
Inference provider Modal Labs is reportedly closing in on a $750 million round that would value it at $15.75 billion, the latest sign that managed AI-inference startups are re-pricing as fast as the model labs they serve.
DEEP DIVE
Modal Labs Raises $355M Series C at $4.65B
FUNDING$355M
Modal Labs Raises $355M Series C at $4.65B
Modal is the picks-and-shovels winner of the AI boom -- serverless GPU compute that lets teams skip the infra pain entirely. Valuation nearly 5x'd since Series B as every company shipping AI features needs GPU access without a 6-month procurement cycle.
Value Add Research
- AI & Technology · Oct 15, 2026Modal Labs Valuation 2026: $15.75B After a $750M Series D
- Venture Capital · Oct 20, 2026AI Funding Rounds October 2026: Top 12, Tenstorrent $1.5B
- Market & Trends · Oct 13, 2026September 2026's Biggest Startup Funding Rounds: $30.3B
- AI & Technology · Sep 27, 2026TypeSafe AI Valuation: $7.5B After an $870M Raise
- AI & Technology · Sep 11, 2026Cognition Valuation 2026: $48B After $2B Round, $900M ARR
Related Companies
Modal Labs FAQ
What is Modal Labs's valuation?
Modal Labs's valuation is $15.75B (As of Oct 14, 2026, Modal).
Who are Modal Labs's investors?
Modal Labs's investors include Accel, General Catalyst, Redpoint Ventures, Bain Capital Ventures, Kleiner Perkins, and 3 more (As of Oct 14, 2026).
Sources & methodologyshow
Where these figures come from
- SiliconANGLEmajor outlet1 fact
- TechCrunchmajor outlet1 fact
- Crunchbase Newsresearch database1 fact
- ModalValue Add VC data3 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.