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Modal Labs has raised $87M in Series B funding led by Lux Capital to enhance its serverless platform for AI, data, and ML teams.

PRIVATESep 30, 2025

Amount Raised

$87 Million

Round Type

Series B

New YorkSoftwareEducationE LearningTrainingCorporate Traininginformation technology & services

Investors

Lux Capital

Description

Modal Labs, a serverless platform for AI, data, and ML teams, has raised $87M in Series B funding led by Lux Capital. Founded by Akshat Bubna and Erik Bernhardsson in 2021, this company has now raised a total of $110M in reported equity funding. The funding will be used to further develop their platform. Modal Labs aims to streamline AI and machine learning processes for various teams.

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.

  • CampusKnot raised $1.1M (Seed) on November 7, 2025.
  • Chalkie raised $1.3M (Pre-Seed) on October 1, 2025.
  • EdSights raised $80M on September 25, 2025.
  • Hyperbound raised $15M (Series A) on September 17, 2025.
  • TrueLeap raised $4.1M (Seed) on September 15, 2025.
  • Wooclap raised $29M (Funding Round) on September 4, 2025.

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.

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Company Information

Company

Modal

Location

222 Broadway

New York, New York, United States

About

Modal is a company that provides a global, code-first compute platform built specifically for AI and machine learning workloads. Its platform supports the full machine learning lifecycle, from training and inference to batch processing and sandboxed environments. Modal’s technology is designed to address the growing demands of AI workloads, including generative AI inference, large language model fine-tuning, computational biotech, media processing, and other resource-intensive applications. With headquarters in New York, Stockholm, and San Francisco, Modal’s customer base includes companies working on a wide range of AI applications, from drug discovery to generative media production.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Modal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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