Modal Raises $355 million Series C
Modal raised $355M in Series C financing led by General Catalyst, with participation from General Catalyst, Redpoint Ventures. Modal is a underscores the rapid expansion of the AI industry and the escalating demand for advanced platforms that support high-performance AI development. The company has seen a remarkable growth trajectory, driven by its innovative cloud-based Cloud / Infrastructure company focused on fit AI workloads. The new capital is framed around fit AI workloads.
What it does
Modal is a underscores the rapid expansion of the AI industry and the escalating demand for advanced platforms that support high-performance AI development. The company has seen a remarkable growth trajectory, driven by its innovative cloud-based Cloud / Infrastructure company focused on fit AI workloads. The business sits in Cloud & Infrastructure, where funded companies are using fresh capital to deepen product coverage, distribution, or operating capacity.
Traction
$355M. Management framed the new capital around fit AI workloads.
Trend impact
Modal is targeting infrastructure bottlenecks created by the compute demands of modern AI workloads. The capital raise matters because it gives the company more room to compete for customers, talent, and mindshare while incumbents and adjacent startups respond with clearer product depth or distribution.
Funding history
- May 22, 2026 · Series C · $355 million · General Catalyst
- March 1, 2024 · Series B · $50 million · Redpoint
Products & services
- Provider of serverless platform for developing and deploying AI capability
- The platform offers tools for scaling machine learning inference, data capability
- Modal. We capability
- In a few lines of code, we let you scale from zero to thousands of CPUs capability
- GPUs. Report capability