Raised $466M across disclosed rounds.[5][8][2][4]

Series C closed May 2026, led by General Catalyst.[1][2][3][4][7]

post-money valuation is not publicly disclosed.

Named investors include General Catalyst, Redpoint Ventures, Lux Capital, Accel, Menlo Ventures, Bain Capital Ventures.[2][3][4][5][6][7]

Erik Bernhardsson, Co-Founder & CEO[2][5][6][12]

Akshat Bubna, Co-Founder & CTO[2][5][6][12]

Matt Sherlock, Co-Founder & Partner[2][5][6][12]

Margaret Shen, Head of GTM and Operations[9][10][11][13]

Erik Bernhardsson, CEO[9][10][11][13]

Margaret Shen Head, CTO[9][10][11][13]

RunPod · runpod.io · Same buyer (AI/ML developers), same workflow (on-demand GPU compute for inference and training, serverless option), same budget (GPU cloud spend); named directly as a Modal alternative in pricing and infrastructure comparison guides.[17][18][19][20]

Replicate · replicate.com · Same buyer (AI developers), same workflow (serverless GPU compute for inference without managing infrastructure), same usage-based pricing model; named alongside Modal in multiple GPU serverless alternative roundups.[17][18][19]

Fly.io · fly.io · Same buyer (developer-first infrastructure), same workflow (run workloads without managing servers, usage-based), named as a Modal alternative in GPU/CPU serverless infrastructure comparisons.[17][18]

Baseten · baseten.co · Same buyer (ML engineers deploying models to production), same workflow (model inference serving on GPU cloud), same budget displacement (serverless inference spend); named alongside Modal in AI infrastructure alternative lists.[18][19]

The customer proof is company-sourced only. No independent source in this ledger confirms it.[15]

Ask for one referenceable production customer.

Not a recommendation. The first thing this ledger cannot answer.

Filled in the side panel for invited readers. This card carries sourced facts only.