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Revenue Leaderboard › Inference & GPU cloud
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#51 by ARRNew York, USmodal.com ↗

Modal

Modal sells a serverless AI cloud platform for inference, training, batch jobs and agent sandboxes. Developers and AI companies use it to run code on GPUs without managing infrastructure.

Inference & GPU cloud
ARR
$300M
as of Jun 2026
Employees
~120
as of Jun 2026
Valuation
$15.8B
53× ARR
ARR / employee
$3M
revenue efficiency
About Modal

Modal Labs runs a serverless cloud platform for AI and data workloads. It covers GPU inference, reinforcement learning, batch jobs and sandboxes for running AI-generated code. Customers include Anthropic, Meta, DoorDash, Cognition and Suno. It charges usage-based fees for compute. In May 2026 it raised a $355M Series C at a $4.65B valuation, after an $87M Series B at $1.1B in September 2025. Its CEO reported ARR of about $300M in 2026, up from about $60M in September 2025. In late September 2026 it was reported to be nearing a $750M round at a $15.75B valuation, led by Accel. That round had not closed at the time of the report.

Valuation: $4.65B, $355M Series C (May 2026).

Investors · 10

LeadAccelVenture capital106 partners on file
InvestorAmplify PartnersVenture capital15 partners on file
InvestorBain Capital VenturesVenture capital22 partners on file
InvestorCreandumVenture capital7 partners on file
InvestorDefinition CapitalVenture capital3 partners on file
InvestorEssence VCVenture capital1 partner on file
InvestorGeneral CatalystVenture capital71 partners on file
InvestorLux CapitalVenture capital17 partners on file
InvestorMenlo VenturesVenture capital18 partners on file
InvestorRedpoint VenturesVenture capital17 partners on file
277 partner contacts across these firms, emails and LinkedIn are in Investor Contacts for paid members.

Deals

All deals
Modal logo
ModalSeries DOct 14
Accel (lead), Menlo Ventures, General Catalyst, Lux Capital, Bain Capital Ventures, Kleiner Perkins, Redpoint Ventures · AI infrastructure / inference
$750M
val. $15.8B
16× EV/ARR

News, deals & research

Latest in AI
NewsModal moves agent sandboxes onto Nvidia Vera CPUs, its first step off x86Oct 19NewsMeta releases Muse Spark Open, an 816B open-weight model tuned for Apple M5 Ultra Mac StudiosOct 15NewsNvidia releases open Nemotron 3.5 Super VL, a 120B multimodal model, and 2-bit Bolt for local agentsOct 15DealModal raises $750M Series D at $15.75B as annualized revenue passes $1BOct 14NewsGoogle EmbeddingGemma 2: An open, lightweight multimodal embedding modelOct 12DealHone, started by former Cognition and OpenAI staff, raises $60M seed at a $285M valuationOct 8NewsEmbeddingGemma 2: An open, lightweight multimodal embedding modelOct 6
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