Modal Labs Raises $750M Series D at $15.75B Valuation

Modal Labs, based in New York, San Francisco, and Stockholm, a provider of serverless compute infrastructure and AI inference-serving platforms, has raised $750 million in a Series D funding round at a $15.75 billion post-money valuation.

Investors

The round was led by Accel, with participation from new investor Kleiner Perkins and existing backers Menlo Ventures, General Catalyst, Redpoint Ventures, Lux Capital, Amplify Partners, and Bain Capital Ventures.

Modal Labs Use of Funds

Modal Labs plans to use the new capital to invest in multi-node training, reinforcement learning and post-training products, further inference improvements, and the expansion of virtual-machine support within its Sandboxes product.

About Modal Labs

Founded in 2021 by CEO Erik Bernhardsson, Modal Labs provides a serverless compute platform that allows developers to run code directly in the cloud. The platform supports diverse workloads including image generation, music generation, LLM inference, and model training through its core products, Functions and Sandboxes.

Funding Details

Company Website: https://modal.com

Company: Modal Labs
Raised: $750M
Round: Series D
Funding Date: October 14, 2026
Lead Investor: Accel
Additional Investors: Kleiner Perkins, Menlo Ventures, General Catalyst, Redpoint Ventures, Lux Capital, Amplify Partners, Bain Capital Ventures
Company Website: https://modal.com
Software Category: AI Infrastructure
Source: https://en.wowtale.net/2026/10/15/235508/