Modal

About Modal

Financials

Dated, source-cited figures. Estimates are marked.

Products by Modal

All products by Modal reviewed by our AI panel of experts.

ModalMachine Learning Platforms

Run Python in the cloud — serverless GPUs, batch jobs, and AI model serving

Pricing on request8.2/10

How Our Review Panel Scores Modal

Six independent reviewer personalities assessed Modal's product on their own terms. They landed within 0.8 points of each other, an unusually strong consensus.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Modal competes with, and how they differ.

Baseten8.1/10

Focuses specifically on model serving and inference deployment with a managed infrastructure layer, whereas Modal offers a broader general-purpose serverless compute platform for arbitrary Python and GPU workloads.

1 product reviewed on TopReviewed

Anyscale8.0/10

Built around the Ray distributed computing framework for large-scale ML training and serving, targeting teams already invested in Ray, while Modal provides a simpler function-based serverless model without requiring a specific framework.

1 product reviewed on TopReviewed

Google Cloud (Vertex AI)7.8/10

A full-stack managed ML platform tied to Google Cloud's ecosystem with broader MLOps tooling (pipelines, feature store, model registry), priced via GCP consumption, compared to Modal's lightweight, cloud-agnostic serverless execution model.

2 products reviewed on TopReviewed

Replicate8.0/10

A hosted platform for running and deploying open-source ML models via API with per-second GPU billing, more narrowly focused on model inference than Modal's general-purpose compute platform for arbitrary Python code.

1 product reviewed on TopReviewed

RunPod8.1/10

Offers on-demand and serverless GPU cloud infrastructure with a more infrastructure-centric, container-based deployment model, competing directly with Modal on GPU workload pricing and availability rather than developer-experience abstractions.

1 product reviewed on TopReviewed

ClearML7.8/10

An open-source-first MLOps suite emphasizing experiment tracking, orchestration, and on-prem/hybrid deployment control, contrasting with Modal's fully managed serverless execution approach.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in Modal's history, with sources.

1. May 21, 2026Funding

   Series C — $355M at $4.65B valuation

   Modal raised $355 million in a two-tranche Series C led by General Catalyst and Redpoint Ventures, with Menlo Ventures, Bain Capital Ventures and Accel also participating; the round valued the company at $4.65 billion, more than four times its Series B valuation.

   thesaasnews.com
2. Feb 11, 2026Milestone

   In talks to raise at $2.5B valuation

   Modal was reported to be in talks to raise new funding at a $2.5 billion valuation, according to sources familiar with the deal, more than double its September 2025 Series B mark.

   techcrunch.com
3. Sep 29, 2025Funding

   Series B — $87M led by Lux Capital, reaches unicorn status

   Modal raised more than $80 million in a Series B round led by Lux Capital, reaching a $1.1 billion post-money valuation and unicorn status 23 months after its Series A; total funding reached $111 million.

   techfundingnews.com
4. Oct 10, 2023Funding

   Series A — $16M led by Redpoint Ventures

   Modal raised $16 million in a Series A round led by Redpoint Ventures, with Amplify Partners, Lux Capital and Definition Capital participating, bringing total funding to $23 million.

   techcrunch.com
5. 2022Funding

   Seed round — $7M led by Amplify Partners

   Modal raised a $7 million seed round led by Amplify Partners in early 2022, its first institutional funding.

   techcrunch.com
6. 2021Founded

   Founded by Erik Bernhardsson

   Erik Bernhardsson, a former Spotify data-team lead and Better.com CTO, founded Modal in 2021; Akshat Bubna, a former Scale AI engineer, joined as co-founder and CTO later that year.

   techcrunch.com