Modal crosses $1B annualized run rate, raises $750M Series D after 15x YoY growth
charles_irl · x · 2026-10-15
Cloud compute platform Modal announced it has crossed $1B in annualized run rate and raised a $750M Series D. Founder Bernhardsson says usage has tripled since the Series C five months ago, growing over 15x year-over-year. Investor erikdunteman notes the CEO predicted a clear path to 10x growth six months ago, and now sees a possible 100x ahead; the team is hiring.
Related event: Modal Hits $1B ARR, Raises $750M Series D at $15.75B Valuation(7 posts)→
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