Checked May 27 2026
Modal Labs
Modal Labs sells serverless GPU cloud infrastructure to AI developers and companies running inference, model training, batch workloads, and sandboxed code execution.
Source mix14 reported2 company5 data vendor
Evidence notes
Who uses it: AI application developers, AI coding tool builders, biotech firms, hedge funds, and weather-forecasting companies that need elastic, usage-based GPU compute without managing infrastructure or reserving capacity.[1]+4Reported
Public signals: AI cloud startup Modal Labs raises $355m - DCD[1]+2Reported
Financing: Total raised is $466,000,000.[4]
Source ledger
- [1]AI cloud startup Modal Labs raises $355m - DCD
- [2]Modal Labs valued at $4.65 billion as AI coding takes off | MarketScreener UK
- [3]General Catalyst, Redpoint Fuel Modal's AI Infrastructure Push With $355 Million Raise - Benzinga
- [4]Modal Labs raises $80M to simplify cloud AI infrastructure with programmable building blocks - SiliconANGLE