Modal Raises $355M in Series C Funding

$355M raised. $4.65B valuation. Congrats to Modal on growing fivefold since September to surpass $300M in annualized revenue.

Modal started because the cloud built for traditional web applications was never going to fit AI workloads. This was clear to them before the GenAI revolution, and it becomes even more true as models and techniques advance.

Modal is a cloud built for AI. Not a single-purpose GPU cloud, but a platform with the right primitives for developers to build a very wide range of applications. Today, this looks like low-latency elastic inference, dynamic agent runtimes, reinforcement learning, batch jobs at massive scale, and much more.
To expand their adoption among enterprise teams, Modal needed a brand reflecting their product’s quality and transformative potential. Together, we developed an evolved identity and site showcasing their flexibility, scalability, and speed. The new brand has established Modal as the leader in serverless infrastructure, accelerating product adoption, funding, and solidifying their position in the developer ecosystem.