Modular

Modular builds software for running AI models across different kinds of chips. Its home page promises "Inference reimagined, from Kernel to Cloud" and describes one unified stack that runs AI across GPUs, CPUs and ASICs.^[1]

Modular lists NVIDIA, AMD, Trainium, TPU, Qualcomm, Intel, ARM and Apple silicon as hardware it runs on. Its home page says MAX runs 1000+ models, such as DeepSeek and Kimi, out of the box. Reuters described Modular as positioning itself as a neutral software layer for AI computing.^[1],[2]

Modular makes performance claims that are its own and were not independently tested for this profile. Its home page claims a 2x performance improvement over vLLM on diverse hardware. SiliconANGLE separately reported the company's claim of performance gains of 20% to 50% over frameworks such as vLLM and SGLang on next-generation accelerators.^[1],[3]

Modular was founded in 2022 by Chris Lattner and Tim Davis, who met at Google, and is headquartered in Silicon Valley. Its site lists offices in San Francisco, Los Altos, Boston and Edinburgh.^[4],[3]

Modular had more than 130 employees in September 2025, according to SiliconANGLE, which placed its headquarters in the San Francisco Bay Area.^[3]

Modular agreed to be acquired by Qualcomm on June 24, 2026, and Qualcomm announced on July 29, 2026 that it had completed the acquisition. Modular's site now reads "Modular Inc, A Qualcomm Company" and says Modular was acquired by Qualcomm in July 2026.^[5],[6],[4]

Modular announced a $250 million round in September 2025 that valued it at $1.6 billion, its third financing round, according to SiliconANGLE. Thomas Tull's US Innovative Technology fund led the round, DFJ Growth joined, and existing investors including Google Ventures, General Catalyst and Greylock Ventures took part.^[3]

Modular's total raised stood at $380 million after that round, according to SiliconANGLE. Modular said it would use the money to expand hiring across North America and Europe, scale its cloud platform, extend support for cloud and edge hardware, and move from inference into AI training.^[3]

Reuters reported on June 24, 2026 that Qualcomm would buy Modular in an all-stock deal valued at nearly $4 billion. Qualcomm expects to issue up to 19.2 million shares of its common stock to Modular's equity holders, and Reuters put the value at $3.92 billion. That figure is Reuters's own calculation from Qualcomm's last closing price, not a price the companies stated.^[2]

Modular's site lists Tim Davis as SVP and GM of Modular at Qualcomm, Mostafa Hagog as VP of Engineering, Kalor Lewis as Modular Finance Leader, Eric Johnson as VP of Product Management and Mike Edwards in Business Operations.^[4]

Modular's home page features customer stories from Inworld, where Chief Science Officer Igor Poletaev appears beside a claimed 70% faster time to first audio, and from Amazon Web Services, where Bratin Saha, VP of Machine Learning & AI services, comments on the MAX Platform and AWS customers.^[1]

Modular's ecosystem partners included AMD, Nvidia and Amazon.com as of September 2025, according to SiliconANGLE. The outlet also reported that Modular had teamed up with Inworld AI and San Francisco Compute Co.^[3]