Modal Labs (Series C)
Funding Details
Awarder
RSS - techcrunch.com
Date Award
February 15, 2026
Vertical
AI Inference
Premoney Valuation
$1,100,000,000
Valuation
$2,500,000,000
Company Info
Founding Year
2021
Traction
Modal’s annualized revenue run rate (ARR) is approximately $50 million.
Revenue Amount
$50,000,000
Organizations Involved
Lux Capital, Redpoint Ventures
Founders
Erik Bernhardsson
Market
Enterprise
Coinvestors
General Catalyst
Company Description

Modal Labs is a startup specializing in AI inference infrastructure, focused on optimizing inference, the process of running trained AI models to generate answers from user requests. Improving inference efficiency reduces compute costs and cuts down the lag time between a user’s prompt and the AI’s response.

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