Modal Labs, Inc.
PrivateLast Round
Series D
Sep 24, 2026
Est. Valuation
$15B
Total Funding Raised
$465M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Modal Labs, Inc. is an artificial intelligence and machine learning company that provides a serverless cloud computing platform for developers to build, deploy, and scale compute-intensive applications.
Sector
AI, Data & Cloud Infrastructure
Verticals
Serverless Computing, AI Training Infrastructure, ML Platforms, Cloud Infrastructure, Platform-as-a-Service
Business Model
B2B
Customer Profile
Usage-Based SaaS
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Modal Labs, Inc. Comparables
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| Company | Similarity | Market Cap |
|---|---|---|
| Fal | 88% | |
| Baseten | 86% | |
| Together AI | 84% |
Modal Labs, Inc. Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series D | Sep 24, 2026 | ||||
| Series C | May 21, 2026 | ||||
| Early Funding | Feb 1, 2026 | ||||
| Series B | Sep 29, 2025 | ||||
| Series A | Oct 10, 2023 | ||||
Seed | Apr 12, 2022 |
Secondary Market Activity
Bids, offers, and trades by month
| Operation | Date | Price | Size | Share Class | Structure |
|---|---|---|---|---|---|
BID |
Key People
Founding team and executive leadership
Modal Labs, Inc. Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Uncork Capital | Series B |
| Red Swan Ventures | Series B |
| Bain Capital Ventures | Series D, Series C |
| Allison Pickens Ventures | Series B |
| Contrary Capital | Series B |
| Khosla Ventures | Series B |
| Essence VC | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 24, 2026
Reached a $1.5B post-money valuation.
- Sep 15, 2026
Grew 32% QoQ, from 177 to 233 employees.
Recent news
Latest coverage and updates
- receives_financingOct 15, 2026
Modal receives $750M in Series D financing led by Accel, with participation from Kleiner Perkins and existing investors, at a $15.75 billion post-money valuation in New York on Oct '26.
- has_valuationOct 15, 2026
On Oct 14th '26, Modal raises $750M at a $15.8B valuation in a round led by Accel, with Kleiner Perkins joining.
- has_valuationOct 14, 2026
In 2026, Modal's valuation rises from SEK 10 billion to SEK 158 billion, while its annual recurring revenue reaches $1B.
- has_revenueOct 14, 2026
Modal reaches $1B in annual recurring revenue, calculated by multiplying its latest month’s revenue by twelve, tripling sales from $300 million since May '26.
- identified_as_competitor_ofSep 29, 2026
Modal Inc. identified as competitor of Lambda Inc.
Modal Labs, Inc. Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Modal Labs, Inc.'s valuation, stock price, and market status.
Is Modal Labs, Inc. a public or private company?
Modal Labs, Inc. is a private company.
What is the current stock price of Modal Labs, Inc.?
Modal Labs, Inc. is a private company, so its shares have no public market price. Caplight tracks Modal Labs, Inc.'s secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Modal Labs, Inc. worth (valuation)?
Modal Labs, Inc.'s valuation is estimated at $15.0B based on funding round data.
Can I buy Modal Labs, Inc. stock?
Modal Labs, Inc. shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Modal Labs, Inc.'s last funding round?
Modal Labs, Inc.'s most recent funding round was Series D on September 24, 2026.
Who are the main investors in Modal Labs, Inc.?
Key investors in Modal Labs, Inc. include Lux Capital, General Catalyst, Amplify Partners, Redpoint Ventures, Accel.
Will Modal Labs, Inc. IPO soon?
No public IPO plans have been announced for Modal Labs, Inc..
How can I track Modal Labs, Inc. secondary market activity?
Caplight tracks bids, offers, and trades in Modal Labs, Inc.'s shares on secondary markets.