Modal Labs Overview
- Year Founded
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2021
- Status
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Private
- Employees
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270
- Latest Deal Type
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Series D
- Latest Deal Amount
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$750M
- Investors
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48
Modal Labs General Information
Description
Developer of a serverless cloud computing platform designed to facilitate the deployment and scaling of compute-intensive workloads for machine learning and data processing. The company's platform supports containerised environments defined in code, automatic scaling from zero to hundreds of GPUs on demand, real-time monitoring, job scheduling, and integration with key cloud tools, enabling AI and machine learning teams to run large-scale inference, training, and batch processing workloads efficiently without manual infrastructure management.
Contact Information
Website
www.modal.comCorporate Office
- 233 Spring Street
- Floor 11 East
- New York, NY 10013
- United States
Corporate Office
- 233 Spring Street
- Floor 11 East
- New York, NY 10013
- United States
Modal Labs Timeline
Modal Labs Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Later Stage VC (Series D) | 14-Oct-2026 | $750M | Completed | Generating Revenue | ||
| 4. Later Stage VC (Series C) | 21-May-2026 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series B) | 29-Sep-2025 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 10-Oct-2023 | $16M | $23M | Completed | Generating Revenue | |
| 1. Seed Round | 12-Apr-2022 | $7M | $7M | Completed | Generating Revenue |
Modal Labs Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C-1 | ||||||||
| Series C | ||||||||
| Series B-1 | ||||||||
| Series B | ||||||||
| Series A | ||||||||
| Seed-1 | 5,426,110 | $0.001000 | $0.74 | $0.74 | 1x | $0.74 | 4.03% | |
| Seed | 609,960 | $0.001000 | $0.52 | $0.52 | 1x | $0.52 | 0.45% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Modal Labs Comparisons
Industry
Financing
Details
Modal Labs Competitors (3)
One of Modal Labs’s 3 competitors is ElixirClaw, a Accelerator/Incubator Backed company based in SunnyVale, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ElixirClaw | Accelerator/Incubator Backed | SunnyVale, CA | ||||
| ClearML | Venture Capital-Backed | Berkeley, CA | ||||
| Rossum | Private Equity-Backed | London, United Kingdom |
Modal Labs Related Research & Analysis
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Key Data Points
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Majestic Referring Domains
Modal Labs Investors (48)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Kleiner Perkins | Venture Capital | Minority | ||
| Standard Crypto | Venture Capital | Minority | ||
| Accel | Venture Capital | Minority | ||
| Bain Capital Ventures | Venture Capital | Minority | ||
| Menlo Ventures | Venture Capital | Minority |
Modal Labs Investments & Acquisitions (5)
Modal Labs’s most recent deal was a Merger/Acquisition with Butter. The deal was made on 10-Apr-2026.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Butter | 10-Apr-2026 | Merger/Acquisition | Software Development Applications | ||
| Jamsocket | 10-Jul-2025 | Merger/Acquisition | Business/Productivity Software | ||
| Twirl (Business/Productivity Software) | 28-May-2025 | Merger/Acquisition | Business/Productivity Software | ||
| Tidbyt | 07-Nov-2024 | Merger/Acquisition | Electronics (B2C) | ||
| Dottxt | 01-Aug-2024 | Seed Round | Business/Productivity Software |
Modal Labs Affiliates
Subsidiaries (3)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Butter | San Francisco, CA | 2024 | |
| Twirl (Business/Productivity Software) | Stockholm, Sweden | 2022 | |
| Tidbyt | Brooklyn, NY | 2020 |
Modal Labs FAQs
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When was Modal Labs founded?
Modal Labs was founded in 2021.
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Where is Modal Labs headquartered?
Modal Labs is headquartered in New York, NY.
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What is the size of Modal Labs?
Modal Labs has 270 total employees.
-
What industry is Modal Labs in?
Modal Labs’s primary industry is Business/Productivity Software.
-
Is Modal Labs a private or public company?
Modal Labs is a Private company.
-
What is the current valuation of Modal Labs?
The current valuation of Modal Labs is .
-
What is Modal Labs’s current revenue?
The current revenue for Modal Labs is .
-
How much funding has Modal Labs raised over time?
Modal Labs has raised $1.22B.
-
Who are Modal Labs’s investors?
Kleiner Perkins, Standard Crypto, Accel, Bain Capital Ventures, and Menlo Ventures are 5 of 48 investors who have invested in Modal Labs.
-
Who are Modal Labs’s competitors?
ElixirClaw, ClearML, and Rossum are competitors of Modal Labs.
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