Modal Labs Raises $355M Series C at $4.65B Valuation
Modal Labs raises $355M in a Series C round led by Redpoint Ventures and General Catalyst to expand its AI infrastructure and testing platform.
Modal Labs Raises $355M Series C at $4.65B Valuation
Modal Labs, a San Francisco, CA-based AI infrastructure startup, has raised $355 million in a Series C funding round.
Investors
The round was led by Redpoint Ventures and General Catalyst, which will also take a seat on the board. Additional investors participating in the round include Accel and Menlo Ventures.
Modal Labs Use of Funds
Modal Labs intends to use the fresh capital to support its rapid growth, scale its infrastructure and expand its capacity to provide compute resources for its growing list of customers.
About Modal Labs
Founded by CEO Erik Bernhardsson, Modal Labs provides a specialized platform that allows developers to test code created by AI and ensures seamless access to the computing resources necessary for running AI inference tools. Modal Labs helps companies access computing power for AI model inference and provides a testing sandbox for AI-generated code.
Funding Details
Company: Modal Labs
Raised: $355M
Round: Series C
Funding Date: May 21, 2026
Lead Investor: Redpoint Ventures, General Catalyst
Additional Investors: Accel, Menlo Ventures
Company Website: https://modal.com/
Software Category: AI Infrastructure
Source: https://www.reuters.com/business/modal-labs-valued-465-billion-ai-coding-takes-off-2026-05-21/
