Modal
Modal is an AI / GPU Cloud company founded in 2021 and based in New York, United States. It has raised $466M in total funding, most recently a Series C in 2026 at a $4.7B valuation.
Modal is a serverless cloud for AI and data workloads that lets engineers run Python at scale on pooled CPUs and GPUs with sub-second container starts and per-second billing. Founded in 2021 by Erik Bernhardsson — former CTO of Better.com and creator of Spotify's recommendation system and the Annoy library — and Akshat Bubna, Modal exposes compute as a Python decorator: wrap a function, deploy it, and Modal handles containerization, scheduling, autoscaling, and GPU provisioning. The company reported surpassing $300 million in annualized revenue in 2026 and raised a $355 million Series C in May 2026 at a $4.65 billion post-money valuation led by General Catalyst and Redpoint Ventures, with notable revenue coming from sandboxes that execute AI-generated code.
Modal has become the default compute substrate for AI-native teams that don't want to manage Kubernetes or GPU reservations — a fast-growing alternative for the next generation of inference, fine-tuning, and agent workloads.
modal.com ↗·AI / GPU Cloud·
United States·private 
