Overview
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].
Business address: 222 Broadway, New York, New York, 10038. [8]
Funding & milestones
2 events found for Modal · 2026
Series CVenture / equityDetails$355M
Reported amount $355,000,000
Source not attached to this recordDeal record- Undated
Series BVenture / equityDetails$87M
Reported amount $87,000,000
Source not attached to this recordDeal record
Recorded history so far. Original currencies are preserved; amounts in different currencies are not added together. Debt, grants, acquisitions and listings are separate event types. Undated events appear last.
Key people
In the news
- Modal Motors is trying to cut China out of electric motors entirelyThe startup is working on small, light motors with no rare-earth magnets that are suited for drones, fans, and robots.
- Polymarket: Will Modal or Databricks IPO first?
- Call your Modal Functions with low latency from your favorite region. We have ingresses in 4 global regions now, but we’re adding more even closer to our customers in 🇯🇵🇦🇺🇨🇦. Where should we go next?
Open roles (34)
- Account ManagerSan Francisco · Sep 16, 2026
- Inference Engineering and Product LeadSan Francisco · Sep 16, 2026
- Talent Programs ManagerNew York · Sep 15, 2026
- People Lead, UKLondon · Sep 10, 2026
- Member of Design Staff - BrandNew York · Sep 2, 2026
- Detection and Response EngineerNew York · Aug 17, 2026
- Regional DirectorNew York · Jul 30, 2026
- Revenue OperationsSan Francisco · Jul 30, 2026
- ML Research InternNew York · Jul 28, 2026
- Member of Technical Staff - Research, Post-TrainingNew York · Jul 5, 2026
- Member of Technical Staff - Research, InferenceNew York · Jul 5, 2026
- People Operations GeneralistNew York · Jun 17, 2026
- Systems Engineering ManagerStockholm · May 19, 2026
- Member of Technical Staff - Product (Growth)New York · May 18, 2026
- Infrastructure Security EngineerNew York · Apr 21, 2026
- Member of Technical Staff - ML PerformanceNew York · Apr 21, 2026
- Compute Strategy & Operations LeadNew York · Apr 14, 2026
- Forward Deployed Engineer - MLStockholm · Mar 3, 2026
- Forward Deployed Engineer - MLNew York · Feb 23, 2026
- Solutions ArchitectSan Francisco · Feb 20, 2026
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
- Modal has 27 open roles listed, including Controller, Regional Director, Revenue Operations.[7]
Backers
General Catalyst
Global venture capital and investment firm with a New York office
Accel
Global venture capital firm that positions itself as a first partner to exceptional startup teams worldwide.
Bain Capital Ventures
Venture firm investing across apps, infrastructure, commerce, fintech, healthcare, physical AI and security
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.
Redpoint Ventures
Since 1999, Redpoint Ventures has partnered with visionary founders to create new markets and redefine existing ones. The firm invests early in startups building category-defining companies, from AI and infrastructure to security. Redpoint has backed hundreds of companies, including Netflix, Snowflake, Stripe, Ramp, Twilio, Ramp, and Hims, and today backs the next generation of AI leaders like OpenAI, Legora, Modal, Abridge and Physical Intelligence. Redpoint is based in San Francisco and has of
Amplify Partners
Amplify Partners is a venture capital firm that invests in technical founders building applications, models, tools, and infrastructure. The firm has been making early-stage investments since 2012 and maintains a portfolio of companies including Temporal, Runway, Chainguard, Modal, and others.
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