Modal

Active#99 in United States

Estimated valuation · Serverless GPU cloud · United States

Offers a serverless cloud platform that lets developers run AI inference, training, batch jobs and sandboxes on GPUs by writing Python code, without managing infrastructure.

AI›serverless GPU cloud modal.com

Founded2021

HQNew York

Last roundSeries C · May 2026

Country of originUnited StatesListed in the United States ranking

Where would you invest?United StatesJurisdiction as cited by the ranking

Estimated valuation

AI · United States ranking

≈ USD 4.65bnUSD 3.72–5.8bn · Unicorn

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series C · USD 355M · May 2026
Published valuation: USD 4.7bn · May 2026
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
United States · all sectors	Top 100	#99	Edition 0 · October 2026	1 Jan 2027

Rank historyOct 2026 · #99First edition: no movements yet.

Funding history

Date	Round	Amount	Type	Investors
May 2026	Series C	USD 360M	Equity	Redpoint Ventures, General Catalyst, Accel, Menlo Ventures

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Modal as a PDF. It must answer at least one of these four questions, and stick to them:

AI valuation: $4.65BUndervalued or overvalued?

Versus competitorsHow does it compare?

Who should acquire itStrategic buyers, and why

Who should it acquireAcquisition targets, and why

Publish an analysisName, role and LinkedIn shown · public sources only

Analyses are the opinion of their authors, not of Uback. They are checked before publication.

Invest

Back Modal whether or not it has agreed: your intention joins the pool on Modal, passed to the Fundraising Desk of its country once it reaches critical mass. Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale.

Back Modal Or back AI in United States

Pool on ModalBelow threshold

BackersBelow threshold

Paid intention · valid for life · movable until you sign with a partner desk. If the company does not follow up, Uback invites its Backers to move their intentions to a competitor or a similar company. Investing in non-listed companies carries a risk of losing all the capital invested.

Do you run Modal?

Claim this profile to correct data, add your logo and description, or tell Uback about an upcoming round.

Claim this profile Report an upcoming round → Report an error →

Are you a shareholder?

Considering selling some of your shares? Tell Uback privately. Nothing is published without your consent, and never a price or a volume.

Tell Uback privately

What the AI reads

Read by the AI at the next edition.

Comparable companies in United States

Full United States ranking →

Anthropic#1AI › foundation modelsHectocorn OpenAI#2AI › foundation modelsHectocorn Cognition#8AI › coding agentsDecacorn Thinking Machines Lab#9AI › foundation modelsDecacorn

Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.