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Modal Labs raises $750M Series D led by Accel, valuing the AI infrastructure company at $15.75B.

PRIVATEOct 17, 2026

Amount Raised

$750 Million

Round Type

Series D

New YorkInformation TechnologyArtificial IntelligenceMachine LearningCloud Infrastructure

Investors

Accel

Description

Modal Labs, a New York-based AI infrastructure company, completed a $750 million Series D funding round led by Accel. The financing values the company at $15.75 billion, making it the largest announced US startup investment tracked by Crunchbase for the week of October 10-16. Modal Labs reported that its annual revenue run rate has recently surpassed $1 billion. The funding reflects strong investor appetite for companies supporting AI infrastructure.

Company Information

Company

Modal Labs

Location

New York, New York, United States

About

Modal Labs is a New York-based AI infrastructure company that provides technology solutions for artificial intelligence operations. The company has achieved an annual revenue run rate exceeding $1 billion, demonstrating significant scale in the AI infrastructure market. Modal Labs serves as a critical infrastructure provider supporting the broader AI ecosystem.

Fundz sees it the moment Modal Labs raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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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.

145 of these a day, filtered to the companies you pick, 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.