Modal crosses $1B run rate, raises $750M Series D at $15.75B valuation
charles_irl · x · 2026-10-15
AI compute platform Modal announced it has crossed a $1B annualized run rate and raised a $750M Series D at a $15.75B valuation, led by Accel. Since its Series C, usage has tripled and the company has grown more than 15x year-over-year. Customer Datology AI publicly endorsed the platform, saying it relies on Modal daily for compute to accelerate its research and product development.
Related event: Modal Hits $1B ARR, Raises $750M Series D at $15.75B Valuation(7 posts)→
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