Modal Labs 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 provides general-purpose AI infrastructure (sandboxes, inference, training) with Sandboxes product growing 2x monthly for reinforcement learning and coding agents, positioning as a new cloud layer for AI applications.