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Modal Labs sells serverless GPU cloud infrastructure to AI developers and companies running inference, model training, batch workloads, and sandboxed code execution.
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]
May 2026 · uk.marketscreener.com
reported
May 2026 · benzinga.com
reported
May 2026 · siliconangle.com
reported
Modal Labs sells serverless GPU cloud infrastructure to AI developers and companies running inference, model training, batch workloads, and sandboxed code execution.
Ask for one referenceable production customer.
Not a recommendation. The first thing this ledger cannot answer.
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]
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]
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.
May 2026 · techcrunch.com
reported
May 2026 · d2233.cms.socastsrm.com
reported
May 2026 · techfundingnews.com
reported
May 2026 · thestar.com.my
reported
May 2026 · digitalblog.com.au
reported
May 2026 · blaxel.ai
reported
May 2026 · markaicode.com
reported
May 2026 · launch91.com
reported