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Modal

Modal is a New York company founded in 2021 by Erik Bernhardsson and Akshat Bubna [3]. The company provides serverless GPU compute for AI and data workloads [4], operating as a cloud computing platform that runs AI and machine learning workloads for developers [2]. In 2026, Modal Labs opened its first UK office in London's Marble Arch area, with capacity for up to 40 employees that were fully staffed by early September [1].

Funding

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Recent developments

  • Modal Labs opens London office. New York-headquartered AI infrastructure startup Modal Labs is opening its first UK office in London's Marble Arch area with capacity for up to 40 employees, fully staffed by early September.[1]Aug 6, 2026

Backers

  • Accel

    Global venture capital firm that positions itself as a first partner to exceptional startup teams worldwide.

  • FAmplify Partners
  • Bain Capital Ventures

    Venture firm investing across apps, infrastructure, commerce, fintech, healthcare, physical AI and security

  • General Catalyst

    Global venture capital and investment firm with a New York office

  • Lux Capital

    New York and Silicon Valley venture firm investing in counter-conventional science and technology companies

  • Lux Capital

    A venture capital firm that invests in emerging science and technology companies.

  • Menlo Ventures

    Early-stage venture capital firm founded in 1976 investing in AI, healthcare, consumer, cybersecurity, fintech, infrastructure, robotics and SaaS, with $3 billion in new capital earmarked for AI startups.

  • Redpoint

    Venture capital firm investing across AI, infrastructure, fintech and consumer technology.

  • FRedpoint Ventures

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