Releases
5 matching — model launches, API releases, product updates, financial events and news.
May 20262
May 21, 2026
Modal 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, 2026
Modal 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, 2025
Modal 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, 2023
Modal announces $16M Series AFunding round
Modal announced a $16 million Series A, bringing total capital raised to $23 million.
April 20221
Apr 12, 2022
Modal raises $7M seed roundFunding round
Modal raised $7 million in seed financing to build its serverless cloud platform.

