Modal Labs raised $355 million in a Series C round, valuing the company at $4.65 billion, led by Redpoint Ventures and General Catalyst to expand AI coding solutions.
Amount Raised
$355 Million
Round Type
Series C
New YorkSoftwareEducationE LearningTrainingCorporate Traininginformation technology & servicesInvestors
Description
AI startup Modal raised $355 million in a new round of financing, valuing the company at $4.65 billion. The Series C round is led by Redpoint Ventures and General Catalyst. The funding will help Modal enhance its AI coding tools and increase access to necessary computational resources. Modal's annualized revenue has surged to about $300 million in the past six months.
Quick answer
Modal raised $355 Million in a Series C round, dated May 21, 2026. Investors: Accel, Menlo Ventures, Redpoint Ventures and General Catalyst. Modal is based in New York, New York, United States.
- How much did Modal raise?
- Modal raised $355 Million in a Series C round on May 21, 2026.
- Who invested in Modal?
- Accel, Menlo Ventures, Redpoint Ventures and General Catalyst are named as investors in this round.
- What does Modal do?
- Modal is a company that provides a global, code-first compute platform built specifically for AI and machine learning workloads.
- Where is Modal based and how big is it?
- Modal is based in New York, New York, United States. Fundz records about 210 employees.
- Who are the decision-makers at Modal?
- Fundz holds 1 contact at Modal. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Education and E Learning around the same time
Companies in the same sectors as Modal that raised within 45 days of this round, from Fundz verified event records.
- YoLearn.ai raised $500K (Pre-Seed) on June 30, 2026.
- Mathew raised $1.4M (Seed) on May 28, 2026.
- Opennote raised $850K (Seed) on May 12, 2026.
- Chalk Talk Solutions raised $880K (Seed) on May 6, 2026.
- Gizmo raised $22M (Series A) on April 15, 2026.
- LeapXpert raised $180M (Funding Round) on June 30, 2026.
Who to call at Modal, and when
A new round usually means Modal is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Modal raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Modal, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Modal. With Fundz connected, it knows.
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Fundz sees it the moment Modal raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Modal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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