Modal provides serverless cloud infrastructure for running AI, data, and sandboxed compute workloads.
| date | round | amount | valuation | investors |
|---|---|---|---|---|
| May 2026 | Series C | $355M | $4.65B post-money | General Catalyst, Redpoint Ventures |
Modal is framed as a picks-and-shovels AI compute platform for inference, sandboxes, and training. Its dense technical team and recent $4.65 billion valuation support the claim that it can become a major infrastructure company.