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Modal Labs nears $750M funding round at $16B valuation, more than tripling its worth in four months amid explosive AI infrastructure demand.

PRIVATESep 28, 2026

Amount Raised

$750 Million

Round Type

Venture

SoftwareArtificial IntelligenceMachine LearningCloud Infrastructure

Investors

General CatalystRedpoint Ventures

Description

Modal Labs, a serverless AI infrastructure company, is in talks to raise approximately $750 million at a valuation approaching $16 billion. This represents more than a threefold increase from its $4.65 billion post-money valuation after closing a $355 million Series C in May 2026. The company's annualized revenue surged from $60 million in September 2025 to nearly $300 million by May 2026, driven by demand for AI coding tools and inference capacity. Modal's platform enables developers to run Python functions and AI workloads across multiple cloud providers without managing underlying infrastructure.

Company Information

Company

Modal Labs

About

Modal Labs is a serverless AI infrastructure company founded in 2021 that enables developers to run Python functions and AI workloads on GPUs and CPUs across multiple cloud providers without managing underlying infrastructure. The platform handles inference workloads and has launched over 1 billion sandbox environments to date. Modal's serverless approach allows developers to pay only for compute when code is running, making it cost-efficient for bursty AI inference tasks. The company has experienced explosive growth with annualized revenue surging from $60 million to $300 million in under nine months.

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Predictive Intelligence
Strategic

ML-powered predictions for Modal Labs's next move

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Modal Labs 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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.