Releases
8 matching — model launches, API releases, product updates, financial events and news.
October 20263
Oct 14, 2026
Modal Labs valued at $15.75 billionValuation
Modal reported a $15.75 billion post-money valuation alongside its Series D financing.
Oct 14, 2026Modal raises $750 million Series DFunding round
Modal raised a $750 million Series D led by Accel, with Kleiner Perkins and existing investors participating.
Oct 14, 2026Modal crosses $1 billion annualized run rateRevenue disclosure
Modal said it had crossed $1 billion in annualized run rate after usage tripled in five months and grew more than fifteenfold year over year.
May 20262
May 21, 2026Modal reports annualized revenue above $300MRevenue disclosure
Modal reported an annualized revenue run rate exceeding $300 million at the time of its Series C.
May 21, 2026Modal raises $355M Series C at $4.65B valuationFunding round
Modal raised $355 million in Series C financing at a $4.65 billion post-money valuation.
September 20251
Sep 29, 2025Modal raises $87M Series B at $1.1B valuationFunding round
Modal announced its Series B, reported at $87 million and a $1.1 billion post-money valuation.
October 20231
Oct 10, 2023Modal announces $16M Series AFunding round
Modal announced a $16 million Series A, bringing total capital raised to $23 million.
April 20221
Apr 12, 2022Modal raises $7M seed roundFunding round
Modal raised $7 million in seed financing to build its serverless cloud platform.