Modal hits $1B ARR, raises $750M Series D at $15.75B valuation led by Accel
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 at a $15.75B valuation, led by Accel.
Since its Series C, usage has tripled and the company says it has grown more than 15x year-over-year. Modal is also hiring interns and full-time researchers in RL, ML, and large models for its newly formed research team.
Related event: Modal Hits $1B ARR, Raises $750M Series D at $15.75B Valuation(10 posts)→
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