Modal crosses $1B annualized run rate, raises $750M Series D as usage grows 15x YoY
josh_wills · x · 2026-10-15
Modal has crossed $1B in annualized run rate and raised a $750M Series D.
- CEO Eric Bernhardsson notes demand was already accelerating at the Series C announcement five months ago.
- Since then, usage has tripled, with growth exceeding 15x year-over-year — a signal of explosive AI compute demand.
Related event: Modal crosses $1B ARR, raises $750M Series D(5 posts)→
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