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AI startup Modular raises $250 million to challenge Nvidia's dominance, led by U.S. Innovative Technology fund.

PRIVATESep 24, 2025•8 months ago

Amount Raised

$250 Million

Palo AltoSoftwareinformation technology & services

Investors

GreylockGeneral CatalystGvDfj GrowthU.S. Innovative Technology Fund

Description

AI startup Modular said on Wednesday it raised $250 million in a funding round, valuing it at $1.6 billion. The funding was led by U.S. Innovative Technology fund, with participation from DFJ Growth and existing investors including GV, General Catalyst, and Greylock. Modular's platform aims to allow developers to run AI applications across various computer chips without rewriting code

Company Information

Company

Modular

Location

Palo Alto, California, United States

About

Modular is building the unified, composable infrastructure that simplifies AI development and deployment. With products like MAX for scalable AI deployment and Mojo for high-performance, Python-compatible development, Modular breaks down barriers of high costs, complex tools, and closed platforms. Its mission is to make AI’s compute layer efficient, accessible, and open to all—empowering every developer to build and run AI anywhere, without limits.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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 200,000+ companies.

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