Modal Labs
modal.comDeveloper of machine learning software designed to run code in the cloud.
Price per share
12M · USD
Funding history
$M raised · $B post-money
Signals
2 latest
Modal Labs raises $750M Series D led by Accel at a $15.75B post-money valuation; annualized run rate tops $1B
On 14 October 2026 Modal Labs announced a $750M Series D led by Accel, with Kleiner Perkins and existing investors, at a $15.75B post-money valuation, more than triple its valuation after the May round. The company said annualized revenue has more than tripled since May to over $1B, and Axios reported the run rate topped $1B. The confirmed close resets the price reference for Modal secondaries and gives a company-disclosed revenue figure.
Source: Axios
Modal Labs in talks to raise new funding at about a $15B valuation, up from $4.65B in May, Bloomberg reports
Bloomberg reported on Sept. 23, 2026, citing people familiar with the matter, that Modal Labs is in discussions to raise new financing at a valuation of roughly $15B; Reuters carried the report the same day. Modal raised $355M in May 2026 at a $4.65B valuation, so the new round would more than triple its mark in about four months. Baseten was reported to be in parallel funding talks. The round would reset the reference price for Modal's shares.
Source: Bloomberg
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