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Modal

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Modal provides serverless cloud infrastructure for running AI, data, and sandboxed compute workloads.

sentiment mix
bull 86%bear 0%neu 14%

funding rounds

private markets
latest round
Series C
May 2026 | $355M
post-money valuation
$4.65B post-money
not disclosed
total raised
$355M+ disclosed
1 disclosed rounds | updated 2026-07-09
round progression
Series C
May 2026
$355M
lead investors
  • General Catalystlead
  • Redpoint Venturesco
dateroundamountvaluationinvestors
May 2026Series C$355M$4.65B post-moneyGeneral Catalyst, Redpoint Ventures

signal summary

latest high-conviction thesis
Modal positions itself as the AI infrastructure layer▾

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.

eric bernardsonT2The Logan Bartlett Show2026-05-21
confidence 78 / 100impact High
key themes
  • AI Infrastructure60%
  • AI Economics & Business Models60%
  • Space-Based Compute60%
  • Frontier AI Models60%
  • Open Source AI40%

bull thesis · 6

90 / 100
  • •Modal CEO sees AI infrastructure demand driving rapid revenue growth
  • •Baker: Modal part of capital-efficient inference cloud cohort growing rapidly with low cash burn
  • •Baker: Modal among inference clouds growing at frontier-lab pace cash-efficiently

bear thesis · 0

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  • — none —

company research · 3 videos

mentions · 7

Scaling EuropeModal powers cloud infrastructure for AI: Erik Bernhardsson, CEO of Modal1 mentions · 1▲ 0▼ 0○ · 23 days ago
0:002:005:007:0010:00
Invest Like The BestWhy the Markets Are Pricing AI Wrong | Gavin Baker2 mentions · 2▲ 0▼ 0○ · 2 months ago
0:003:007:0011:0015:00
Peter H. DiamandisChina's Kimi K3 Triggers an AI Sputnik Moment, 2.8 Trillion Parameters Go Open Source | Ep. 2722 mentions · 2▲ 0▼ 0○ · 2 months ago
0:0031:001:02:001:33:002:05:00
Sourcery VCBenchmark's AI Bets: Cerebras, Sierra, Legora, Fireworks, Starcloud, Gumloop..1 mentions · 0▲ 0▼ 1○ · 3 months ago
0:006:0012:0018:0025:00
The Logan Bartlett ShowInside Modal: NYC's "Monastery for Super Nerds"1 mentions · 1▲ 0▼ 0○ · 4 months ago
0:002:005:007:0010:00